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Green bandits: How Alcoa is profiting -- at your expense -- from environmental policy

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Earnings season has begun, and Alcoa's report gives us a nice lesson in public-policy profiteering and regulatory robbery. The typical news story on an environmental debate fulfills that MSM commandment of "quoting both sides" by pitting some greenie -- maybe a spokesman for GreenPeace or the Natural Resources Defense Council -- against a coal lobbyist or an oil executive. The implication is...

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