Administration to Press Ahead on Cap and Trade


Energy Secretary, Steven Chu.

The Obama administration will continue to press ahead on Cap and Trade legislation, with an address by the president tomorrow at the Massachusetts Institute of Technology seen as a key impetus for the effort.

Energy Secretary Steven Chu told the Reuters Washington Summit that he believes there is “a reasonably good possibility” Congress could deliver legislation reducing carbon dioxide emissions in time for the Copenhagen meeting.

Still, most on Capitol Hill doubt a climate change bill will even make it to a vote on the Senate floor this year. “I don’t think we’re going to have cap-and-trade” enacted this year,” Sen. Charles Grassley (R-Iowa) told the summit.

Instead of a domestic climate change bill, Grassley said there should be an international deal that would force developing countries like China and India to take carbon-reduction steps along with developed countries such as the United States.

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One response to this post.

  1. Posted by Dorothy Nepa on October 26, 2009 at 1:32 am

    I sincerely hope this action is not supported by Congress. It will be a disaster for every one using any energy

    I see it as a way to enact a tax that will help pay for all the other programs proposed and cost the consumer more for fuel, home heating and electricity.

    I received propane for a reasonable price for the first time in twelve months. This will take me thru the winter but for those who buy by the month a cap-and trade is really a disaster.

    Fuel for vehicles has risen a lot just in anticipation of this issue. On my way recent trip to Denver fuel change from day to day (increase of 23 cents) at a discount station.

    We should not be forst but follow, IF CHINA AND OTHER THIRD WORLD COUNTRIES ACCOMPLISH SOMETHING SIMILAR.

    Reply

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