China Will Not Participate in Global Energy Taxation

Platts reported today that China has officially declared that even if the United States participates in cap and trade taxation, China won't. This is a great way for the U.S. to ensure that companies will send even more jobs to other countries -- like China -- rather than bear the astronomical cost of the cap and trade tax. Perhaps it should more appropriately be called, "The Job Exportation Assurance Tax", because that's precisely what it will do!