A Missed Opportunity

Friends of the Earth opposes a 2009 US climate bill, asserting that it sets pollution reduction targets too low, provides excessive subsidies to corporate polluters, contains offset loopholes, and allows Wall Street traders to manipulate carbon markets.

• The legislation is deemed insufficient to prevent the catastrophic effects of global warming because it does not set pollution reduction targets high enough.
• The bill is criticized for shifting the cost of the clean energy transition from corporate polluters to ordinary citizens through hundreds of billions of dollars in handouts to corporations.
• The document identifies two structural flaws in the bill: the inclusion of massive "offset" loopholes that delay pollution reductions and the permission for Wall Street traders to operate in new carbon markets, which could cause volatile energy prices.

APA

Fox, A. (2009). A Missed Opportunity. Friends of the Earth. https://foe.org/blog/2009-06-a-missed-opportunity/

Chicago

Fox, Audrey. A Missed Opportunity. Friends of the Earth, 2009. https://foe.org/blog/2009-06-a-missed-opportunity/.

Wikipedia

{{cite press release |last1=Fox |first1=Audrey |title=A Missed Opportunity |publisher=Friends of the Earth |date=1 June 2009 |url=https://foe.org/blog/2009-06-a-missed-opportunity/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{fox2009missed, author = {Fox, Audrey}, title = {{A Missed Opportunity}}, publisher = {Friends of the Earth}, year = {2009}, month = jun, url = {https://foe.org/blog/2009-06-a-missed-opportunity/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }