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Senators seen ditching cap and trade in new bill [Lindsey Graham declared "cap-and-trade is dead"..]
Reuters ^

Posted on 02/27/2010 2:26:35 PM PST by Sub-Driver

Senators seen ditching cap and trade in new bill Photo 5:12pm EST

By Russell Blinch

WASHINGTON (Reuters) - Three senators are seeking to radically overhaul stalled climate legislation by proposing to dump broad cap-and-trade provisions and take a sector by sector approach to cutting greenhouse gas emissions, a White House official and leading U.S. newspaper reported.

Despite strong doubts a climate bill is possible in this election year, Senator John Kerry, a 2004 Democratic presidential nominee, vowed last week to press ahead with a compromise climate bill that he said would win broad support.

The new bipartisan bill could target individual sectors and move away from a system used in Europe and hotly debated in the United States in which companies would be forced to buy and sell the right to pollute, a process that caps and eventually reduces emissions blamed for heating the earth.

"Senators (are) considering sector by sector, market based measures as a means to reduce emissions," an administration official said.

According to the Washington Post on Saturday, Republican Senator Lindsey Graham declared "cap-and-trade is dead" in a private meeting with several environmental leaders this week.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: 111th; bho44; capandtrade; doa
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To: Sub-Driver; marvlus; IrishCatholic; Carlucci; Desdemona; meyer; Para-Ord.45; Normandy; mmanager; ...
 


Beam me to Planet Gore !

21 posted on 02/27/2010 2:47:31 PM PST by steelyourfaith (Warmists as "traffic light" apocalyptics: "Greens too yellow to admit they're really Reds."-Monckton)
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To: savedbygrace

It means the new bill will be called:

“cap-and-trade is dead, wink-wink”


22 posted on 02/27/2010 2:47:44 PM PST by donna (SarahPAC has donated money to...(wait for it)...Lindsey Graham!)
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To: Sub-Driver

How many times have they declared “Obamacare is dead”. I’ll wait until the funeral.


23 posted on 02/27/2010 2:51:35 PM PST by pissant (THE Conservative party: www.falconparty.com)
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To: Sub-Driver

I wish that little RINO sissy s**t is SC were up for election in 2010. Juan McCain’s little buddy.


24 posted on 02/27/2010 2:52:01 PM PST by Frantzie (TV - sending Americans towards Islamic serfdom - Cancel TV service NOW)
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To: Sub-Driver

GOOD!

AL Bore is Deeply Saddened. LOL


25 posted on 02/27/2010 2:53:14 PM PST by SandRat (Duty, Honor, Country! What else needs said?)
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To: savedbygrace
>> The new bipartisan bill could target individual sectors

> What the heck does that mean?

It means "get those campaign contributions coming in or your sector is screwed." Congress gets to pick winners and losers.

26 posted on 02/27/2010 2:54:34 PM PST by NonValueAdded ("Roll back Pelosi" Rush Limbaugh, 2/12/10)
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27 posted on 02/27/2010 2:55:21 PM PST by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spirito Sancto.)
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To: donna

Hey donna.

‘Sector by sector’ is not a term we hear with regard to the U. S., is it?


28 posted on 02/27/2010 2:56:07 PM PST by savedbygrace
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To: savedbygrace

The new bipartisan bill could target individual sectors

What the heck does that mean?

***
I was wondering just that, as well.


29 posted on 02/27/2010 3:11:15 PM PST by Bigg Red (Palin/Hunter 2012 -- Bolton their Secretary of State)
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To: jd777
And now this.
30 posted on 02/27/2010 3:13:01 PM PST by TheGeezer
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To: Bigg Red

OK, I’ve done a bit more research, and I see that they’re talking about different industry sectors. It still sounds like unequal treatment under the law.


31 posted on 02/27/2010 3:20:14 PM PST by savedbygrace
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To: Sub-Driver

Yea, just like health care was dead. Don’t believe a word of it.


32 posted on 02/27/2010 3:31:34 PM PST by Hattie
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To: savedbygrace
What the heck does that mean?

Intense micro-management of the entire US economy, and millions of new jobs created for lawyers.
33 posted on 02/27/2010 3:42:18 PM PST by Question Liberal Authority ("We can't control nature" - Barack Obama, Feb 27, 2010)
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To: savedbygrace
"With the exception of a brief experiment with regional planning during the Khrushchev era in the 1950s, Soviet planning was done on a sectoral basis rather than on a regional basis."
34 posted on 02/27/2010 3:59:05 PM PST by donna (SarahPAC has donated money to...(wait for it)...Lindsey Graham!)
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To: savedbygrace
The new bipartisan bill could target individual sectors
What the heck does that mean?

Instead of destroying the entire economy at once, we destroy the coal industry, the oil and gas industry, the automobile industry, etc. separately.

35 posted on 02/27/2010 4:06:07 PM PST by denydenydeny ("I'm sure this goes against everything you've been taught, but right and wrong do exist"-Dr House)
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To: denydenydeny

Yes, that’s it.


36 posted on 02/27/2010 4:07:51 PM PST by savedbygrace
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To: savedbygrace

Coal plants... offshore drilling... shale oil... nuclear...etc.

LLS


37 posted on 02/27/2010 4:07:58 PM PST by LibLieSlayer (hussama will never be my president... NEVER!)
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To: LibLieSlayer

Yup. All treated separately and differently.


38 posted on 02/27/2010 4:10:03 PM PST by savedbygrace
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To: savedbygrace

“The new bipartisan bill could target individual sectors...”

Instead of taxing us each individually for breathing....they’l target specific industry’s to regulate and tax...and pass the costs thru to you and I..

“problem” with this approach from their perspective, is that some of the peons and peasants always manage to weasel out from under the jackboot.


39 posted on 02/27/2010 4:25:20 PM PST by mo
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To: savedbygrace

I think it meas that they only tax certain industries. Like the power industry and the oil industry.


40 posted on 02/27/2010 5:54:40 PM PST by Blood of Tyrants (Truth - Reality through the eyes of God.)
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