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| Home Front: Politix |
| Cap and Trade dead |
| 2010-07-22 |
| WASHINGTON (MarketWatch) -- Senate Democrats reportedly are shelving legislation that would limit emissions of heat-trapping gases linked to climate change, acknowledging they don't have the 60 votes needed for even a limited proposal to pass. Senate Democratic leader Harry Reid of Nevada said his party's leadership instead will push for a bill aimed at holding BP "accountable" for the Gulf of Mexico oil spill, The Wall Street Journal reported Thursday in its online edition. Okay, boys. We lost cap and trade. How about we...blame BP for the oil spill! Good one, Harry! No one will see through that! Harrrrumph harrrumph harrrrumph.... Reid said it would include a provision to remove the cap on damages paid to residents and businesses by oil companies after spills and also include incentives for vehicles fueled by natural gas, the Journal reported. Curbing emissions linked to climate change is one of President Barack Obama's top priorities. So my bet is this won't be the lead on tonight's news... Reid didn't offer a timetable for action on the new legislation, but said Democrats would continue to try to build support, according to the Journal. A bill authored by Sens. John Kerry, a Democrat from Massachusetts, and Joseph Lieberman, an independent from Connecticut, would have required reduced carbon pollution by 17% from 2005 levels in 2020. It would have put a price on emissions from electric utilities, transportation and manufacturing. But even a scaled-back version of that bill didn't have enough support to make it through the Senate. Jawn Kerry triumphs again! |
| Posted by:tu3031 |
| #3 If they say its dead, be very very suspicious about the post election session. |
| Posted by: NoMoreBS 2010-07-22 23:55 |
| #2 What do the folks at Journolist have to say about this? |
| Posted by: bigjim-CA 2010-07-22 21:26 |
| #1 It's been dead before, will it STAY dead? |
| Posted by: DMFD 2010-07-22 18:40 |