Exxon is sending the money to Americans for Carbon Dividends (ACD), a group headed by former Senate Majority Leader Trent Lott, a Republican.
As one reporter put it, “The first thing to know about the crusade against Exxon by state attorneys general is that it isn’t about the law. The second thing to know is that it isn’t even about Exxon. What these liberal prosecutors really want to shut down is a universe of their most-hated ideological opponents.”
It is hypocrisy to use RICO to prosecute ExxonMobil and others for the "crime" of opposing crippling regulations intended to shut down their business operations on political grounds. Indeed, if these politicized attorneys general are successful, then they may be further inspired to go after ordinary citizens.
An elite club of old and new money billionaires has created a subterranean, interlocking network of nonprofit organizations, foundations, and government bureaucrats to control both the funding and the "spin" on high-level environmental topics, including climate change. Even if they do not succeed in shutting down the energy industry (and more), their efforts provide a stiff headwind against human progress.
The Left in America no longer makes even the slightest pretense of following the U.S. Constitution. Instead, they have undertaken a very public conspiracy to deprive opponents of their fraudulent schemes that include massive transfers of taxpayer dollars to crony, doomed to fail corporations using the RICO statute. One wonders why no state attorney general has not already initiated a RICO investigation against this climate cabal? They are the ones profiting from climate hysteria.
The New York Attorney General is using an obscure 1921 law -- originally aimed at stock-sale fraud -- to attack ExxonMobil with threats of prison time for its principals. Some Democratic Congress members have demanded a Securities and Exchange Commission and Justice Department investigation of ExxonMobil in much the same way they went after the tobacco industry in the 1990s, and Sen. Sheldon Whitehouse (D, RI) wants a RICO investigation of the company. The only problem: the "Crime" they want ExxonMobil prosecuted for never happened except in the twisted minds of the would-be judges and juries.
Without subsidies, renewables cannot compete — and so BP is bailing. Addressing wind energy’s future, Amy Grace, a New York-based analyst at New Energy Finance, said: “There’s limited visibility beyond 2014 about what the assets will be worth as a tax credit supporting turbines is set to expire at the end of this year.”