Massive regulations supposedly to prevent climate change is the greatest threat to American free enterprise since the 1930s. The power shift to the political class will be monumental. And it will do little to help the environment.

That's progressive collectivism for you. Little progress with power collecting toward politicans and bureaucrats.

Money Q:

"The upshot is that trillions in assets and millions of jobs would be at the mercy of Congress and the bureaucracy, all for greenhouse gas reductions that would have a meaningless impact on global carbon emissions if China and India don't participate. And only somewhat less meaningless if they do."