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It creates massive windfall profits for polluters.
First, high commodity prices yield windfall profits for the region's leading producers of raw materials.
The move is designed to eliminate windfall profits for electricity generators.
Every day that prices stay close to $40 a barrel is another day of windfall profits for the majors.
The moves were seized on by environmentalists and other critics who have previously criticised the European Union's ETS for delivering more windfall profits for business than climate change.
State officials say they are reluctant to sign long-term purchase contracts at relatively high prices that ensure windfall profits for producers.
Similar(34)
Be that as it may, the general expectation has been that NextWave will not attempt to use the licenses to provide wireless services, but instead will sell them and reap the windfall profit for itself.
That means it is virtually assured to get the additional money it needs for the same reason that the government bailed out the automakers and then gave them the windfall profits of the cash-for-clunkers initiative: too many auto-sector jobs are on the line.
There is also a strong case for taxing the windfall profits of energy companies which derive from non-renewable sources.
For another, high prices are letting Russia reap windfall profits from oil sales.
On the flip side, whether Democrats seize control of Congress or just the House, they will be hard-pressed to pass any heavy-handed regulation such as strict rules to rein in greenhouse gas emissions or a windfall profits tax for the oil industry–as long as President George W. Bush sits in the White House.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com