The CBI's attempt to buy off the environmental movement

November 26, 2007 10:27 AM

The FT reports a new CBI report endorsing new green taxes.  The reports supports a range of policies.  Strengthening emissions regulations on cars are easy for British business to endorse as our car production is now almost entirely foreign-owned.  The central recommendation, to strengthen the EU's Emissions Trading Scheme, has been characterised by economist Greg Mankiw as thinly veiled corporate subsidy:

"Cap-and-trade = Carbon tax + Corporate welfare."

Both BP and Shell made profits (PDF) from the scheme while NHS hospitals paid millions.  Both companies had members of staff contribute to this report.


More broadly, this report is an attempt to pay Danegeld to the environmental movement.  The authors hope that they can divert environmentalist fervour into corporatist policies that will either provide them with a subsidy or impose further regulation which gives a competitive advantage to big businesses competing with small firms.  The reality is that they will further strengthen unhinged, radical environmentalism and do immeasurable damage to business interests in the medium to long term.

The FT reports a new CBI report endorsing new green taxes.  The reports supports a range of policies.  Strengthening emissions regulations on cars are easy for British business to endorse as our car production is now almost entirely foreign-owned.  The central recommendation, to strengthen the EU's Emissions Trading Scheme, has been characterised by economist Greg Mankiw as thinly veiled corporate subsidy:

"Cap-and-trade = Carbon tax + Corporate welfare."

Both BP and Shell made profits (PDF) from the scheme while NHS hospitals paid millions.  Both companies had members of staff contribute to this report.


More broadly, this report is an attempt to pay Danegeld to the environmental movement.  The authors hope that they can divert environmentalist fervour into corporatist policies that will either provide them with a subsidy or impose further regulation which gives a competitive advantage to big businesses competing with small firms.  The reality is that they will further strengthen unhinged, radical environmentalism and do immeasurable damage to business interests in the medium to long term.

Latest Blogs:

TaxPayers' Alliance Icon

Get nanny out of the nursery

12:00 PM 20, Oct 2017 Ben Ramanauskas

TaxPayers' Alliance Icon

Magna Carta - A Very English Tax Revolt

9:09 AM 26, Sep 2017 Daniel Pryor

TaxPayers' Alliance Icon

Who will defend the defenders?

12:03 PM 20, Sep 2017 Duncan Simpson

TaxPayers' Alliance Icon

What’s wrong with the all-ages graduate tax?

6:09 PM 18, Sep 2017 Jan Zeber

TaxPayers' Alliance Icon

Should taxpayers fund Zumba, facials and spas for the NHS?

4:02 PM 18, Sep 2017 Ben Ramanauskas