From the Financial Times:

India on Sunday night rebuffed an appeal by Hillary Clinton, US secretary of state, to embrace a low-carbon future in which the two countries would work together to devise new ways of consuming and producing energy.

Mrs Clinton, on a five-day visit to the country, said that low-carbon emissions would not jeopardise India’s high economic growth rates and its goal of lifting millions of people out of poverty. She offered a technological partnership to secure the fast growing nation’s energy supplies and help boost the livelihoods of its farmers.

“There is simply no case for the pressure that we, who have been among the lowest emissions per capita, face to actually reduce emissions,” Jairam Ramesh, India’s environment minister told Mrs Clinton. “And as if this pressure was not enough, we also face the threat of carbon tariffs on our exports to countries such as yours.”

Also see my primer What is Cap & Trade

Also see: CBO Grossly Underestimates Cost of Cap and Trade

Candidate Obama admitted not too long ago that his “cap & trade” energy plan will cause your energy costs to “skyrocket.” (Found via Blogging Redneck) Luckily we are not in a recession with rising unemployment and a nation filled with people who already are struggling to pay their bills.