Re "Lining up for a green gusher" (Dan Morain, March 23): Dan Morain was right to be skeptical of the rush to cash in on California's proposed cap and trade scheme.
This past week, many of the same companies hoping to profit from the carbon market hobnobbed at a carbon conference at San Francisco's Palace Hotel. Participants included California's top air quality regulators and Sierra Pacific Industries, owned by multibillionaire Red Emmerson.
SPI, notorious for its destructive clearcutting practices and air quality violations, stands to gain another $100 million selling carbon offset credits for growing trees plantations, despite new scientific findings that older trees fix carbon much better than young trees.
It is time to get the incentives for clearcutting out of cap and trade. Companies like SPI should be punished, not rewarded, for degrading our forested watersheds.
-- Juliette Beck, Davis