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Forbes on Kyoto

Item #d98nov35

Steve Forbes, editor-in-chief of Forbes Magazine, said in an editorial in the Oct. 19, 1998, issue of that publication that, “the Kyoto Protocol is simply a Big Government power grab that would severely harm our economy.” He praised the Republican legislators who are trying to block the implementation of the Kyoto Protocol and added that “their efforts deserve success [because] the global warming theory is deeply flawed.” Citing a proposed economic disincentive to lower consumption of liquid fossil fuels, he said that “in California alone the proposed permit fee of 65 cents per gallon of gasoline would cost consumers US$9 billion” and extrapolated that nationwide, saying that the treaty would cost the United States 2.5 million jobs and would reduce average annual family income by about $2,700.

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