Free Markets, Free People


It’s official – cap-and-trade is dead … for now

The Senate just pulled the plug on including cap-and-trade, even on a limited basis (only utilities). Any energy bill will be a scaled back version not including climate change legislation.

Senate Democrats pulled the plug on climate legislation Thursday, pushing the issue off into an uncertain future ahead of midterm elections where President Barack Obama’s party is girding for a drubbing.

Rather than a long-awaited measure capping greenhouse gases — or even a more limited bill directed only at electric utilities — Senate Majority Leader Harry Reid (D-Nev.) will move forward next week on a bipartisan energy-only bill that responds to the Gulf of Mexico oil spill and contains other more popular energy items.

And, if the “drubbing” comes through – as it should – the possibility of that window opening again any time soon is poor.

But that doesn’t mean the Dems won’t at some point attempt it again – whether supported by the people or science.

I mean, look how many times they took a run at health care.

~McQ

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9 Responses to It’s official – cap-and-trade is dead … for now

  • So, it’s really just pining for the fjords, right?

  • Reportedly Healthcare was dead at one point.

    A qualified “dead… for now” is too weak for these people.  Cap-and Trade is delayed for now.  Only by managing to delay it until enough Conservative Republicans gain either the Congress or Senate, can it be made “dead… for now.”

  • It shouldn’t be dead “for now”: it should be dead for all time.  It’s only dead for now because the economy is in the toilet and even many supporters know that passing it now would make the jobs situation (and their prospects for reelection) even worse.  That we’re even talking about an energy bill in the wake of all we’ve learned about the lies and junk science of “global warming” is outrageous.

  • It is only dead so long as the Democrats cannot think of a new and slimey device or strategem to slip it through.  How many times did we hear the Helthcare was dead.  How many times have we heard the Administration’s attention has pivoted and is now solely and singley concerned with the economy and jobs.  Anyone can tell when Reid is lying – his mouth is moving, whether any words are coming out or not!  I would not trust the Dems so far as I can throw them and that is not very far.

  • The longer it is postponed, the more the science that justifies it can erode, and the more the public will learn about this erosion.

    Cap and trade needed to be rammed through quick. Before the flaws in the science became clear to the public, and before the competing economic issues reach anything like Greek and Spanish clarity.

  • Let’s see how that Emissions Trading Scheme is working in Australia …

    There is no question that the ETS will leave the working class significantly worse off—directly through higher energy costs, and indirectly in the form of higher prices across the board. According to a recent study commissioned by the Business Council of Australia, electricity prices could double over the next five years. The Australian Financial Review yesterday noted that a Citigroup analysis concluded that carbon costs “are unlikely to be material for many S&P/ASX 100 companies, and will often be passed on to customers”, while Deutsche Securities said that the “combination of significant relief for many large emitters” plus the ability to simply raise prices will result in “relatively benign valuation impacts in general”.

    … but you’ve got to love these World Socialists, while pounding the equivalent of “Cap-and Trade” as evil, they still want a world climate change treaty.

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