and America takes another one in the........
Posted on 02/26/2010 10:25:00 PM PST by rabscuttle385
Report: 3 key senators propose jettisoning 'cap-and-trade'; favor reducing carbon pollution.
WASHINGTON (AP) -- Three key senators are writing a new climate bill without a broad "cap-and-trade" approach to reducing carbon pollution, leaving behind what has been the central feature in the debate over climate legislation for years, The Washington Post reported Friday night.
Cap and trade, in which overall pollution reduction targets are met by allowing facilities to buy and sell pollution credits, has become so politically unpopular that its Senate passage is viewed as unlikely.
So Sens. John Kerry, D-Mass., Lindsey Graham, R-S.C., and Joe Lieberman, I-Conn,., are planning an alternative to be introduced next month, the Post reported on its Web site. The bill would apply different carbon controls to different sectors of the economy instead of taking a national approach.
(snip)
The new bill by Kerry, Graham and Lieberman, who have taken lead roles in the climate debate, would apply different approaches to three major emission sources: electric utilities, transportation and industry, the Post said, attributing the details to unidentified people familiar with the process.
Utilities would have to meet an overall emissions cap that would grow stricter over time. A carbon tax could be levied on motor fuel. And industrial facilities would be exempted from an emissions cap for several years, before it would be phased in.
(Excerpt) Read more at abcnews.go.com ...
and America takes another one in the........
All these asinine schemes are aimed at raising energy prices to reduce consumption. The result will be lower productivity, lower economic activity, and fewer jobs. Activist illogical policy will increase misery worldwide. Increased energy unit taxes (per btu, per barrel, per gallon) will decrease total tax revenue due to the decrease in overall economic activity, an economic death spiral.
This is a question that Hayworth could ask McCain during the upcoming debate.
Why would the progressive/Marxists want to reduce energy consumption. Is it to reduce the effects of carbon emissions and thus reduce global warming? Or, is it to obtain more government control over we the people? I think it is the latter!
Idiots.
“Odd that McCain isn’t a co-sponsor of this bill. What could possibly be the reason?”
Duh, running for re election?
Increasing taxes on the poor and middle class, eh?
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