Cap-and-trade legislation ‘lethal’ to beet industry, says American Crystal exec

May 27, 2010 at 4:19 am in INFORUM

If “cap-and-trade” legislation were to move forward as currently framed, it would be the death knell to the “world-class efficient” sugar beet industry in the Red River Valley, and much of the rest of the country, a top executive of American Crystal Sugar Co. said this week.

David Berg, American Crystal’s president and chief executive for nearly three years, summed up the effect of the House version of climate control legislation and expanded on issues he alluded to at December’s annual company meeting. Continue reading…