“Today marks the culmination of more than five years of research, design and development of the nation’s first carbon market,” said Jonathan Schrag, Executive Director of the Regional Greenhouse Gas Initiative, Inc. “It is fitting that our event took place on the shores of the river that Henry Hudson explored nearly 400 years ago. As with Hudson’s exploration then, these pioneering states are leading the way forward on the new, clean-energy economy that others will surely follow.”

Uh, riiight.

How about, “it is fitting that Enron was the pioneer of mandating CO2 ration coupons, the foundation for this scheme that we celebrate having been laid by Ken Lay just over a decade ago. As with Lay’s rent-seeking then, these bureaucrats are rewarding constituencies and feathering their own nest by moving forward on assuming new authority over all economic activity that follow.”

I wonder if this Harvard-educated, CO2-animated Schrag is related to Harvard’s other Schrag, the scold who pens such lovelies as this.