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Posted Wed Dec 5 2012: from The New Yorker:
Paying for It http://apocadocs.com/s.pl?1354751535
...One way to think about global warming is as a vast, planet-wide Pigovian problem. In this case, the man pulls up to a gas pump. He sticks his BP or Sunoco card into the slot, fills up, and drives off. He's got a full tank; the gas station and the oil company share in the profits. Meanwhile, the carbon that spills out of his tailpipe lingers in the atmosphere, trapping heat and contributing to higher sea levels. As the oceans rise, coastal roads erode, beachfront homes wash away, and, finally, major cities flood. Once again, it's the public at large that gets left with the bill. The logical, which is to say the fair, way to address this situation would be to make the driver absorb the cost for his slice of the damage.
[Read more stories about: carbon emissions, climate impacts, smart policy]

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'Doc Michael says:
Logical? Fair? Not in my America!

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