Talk about being in over your head.  According to WSJ, The Climate Change Lobby Has Regrets because  Cap and trade is going to cost them.

Mr. Rogers belongs to the U.S. Climate Action Partnership, about 30 companies that decided they were going to dance with the U.S. government to the tune of global warming legislation. The group demanded a “cap-and-trade” system, figuring they’d craft the rules so as to obtain regulatory certainty, with little upfront cost. At the time, Mr. Rogers explained: “If you don’t have a seat at the table, you’ll wind up on the menu.”

Learning curve, or the suspension of their suspension of disbelief?

“People are learning,” says William Kovacs, vice president of environment, technology and regulatory affairs at the U.S. Chamber of Commerce (which has been cautious about embracing a climate plan). “The Obama budget did more to help us consolidate and coalesce the business community than anything we could have done. It’s opened eyes to the fact that this is about a social welfare transfer system, not about climate.”

Political betrayal, or an object lesson in the dangers of unwarranted assumptions?

But the political question was always how that first batch of permits would end up with companies. Corporate support rested on the belief they’d be “allocated,” for free. This would allow them to delay the day when they’d have to pass costs on to consumers, and ignore, for now, the “tax” question.

It didn’t take long for the pols to figure out they could auction off permits and spend the loot. President Obama’s auction bonanza would earn the feds $650 billion in 10 years, according to the administration’s budget estimate — and that’s a low, low, low estimate.

Thus Mr. Rogers’s lament. No one can now pretend that this isn’t going to cost, and Duke is going to be tagged as tax collector via higher electricity bills. If the customer outrage won’t be enough, some utilities will also be forced into fights with state regulators, who have to approve the rate-hike requests.

So the energy providers will be the boogeymen, and Obama and Congress will get off scott free.  Babes in the woods, these guys.  But wait.  Maybe they can recoup some of their losses by playing Let’s Make A Deal:

All this foreshadows the political battles to come. With the business community moving more uniformly against the bill, the administration will be looking to cut a deal. One way to buy support is to offer a certain percentage of the permits for free. Next comes the fight over how much money the government gets to keep versus how much goes to states or individuals. Expect a lot of political courting of Midwest and Southern members, on whom the fate of the Obama plan hinges.

I wouldn’t bet on these people to make the right decision, exposing and denouncing this fraud, if my life depended on it.  Oh, wait, it does, if you define living as more than just subsistence.  And so does yours.

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