Senate Backs Out of Climate Change Legislation

Thursday, July 22, 2010 , , 0 Comments


I guess healthcare and financial reform are enough for now.

WSJ:

The U.S. Senate is shelving efforts to pass legislation that would limit emissions of heat-trapping gases linked to climate change, dealing a major blow to one of President Barack Obama's top priorities.

Senate Majority Leader Harry Reid (D., Nev.) said Thursday that neither he nor the White House had persuaded 60 senators to support even a limited proposal seeking to restrict emission from electric-power companies. Mr. Reid offered no timetable for action on such a bill, but said Democrats would continue trying to build support for such legislation.

Mr. Reid said the party's leadership will push instead for more limited legislation, aimed at holding oil giant BP PLC "accountable" for the Gulf of Mexico oil spill. Specifically, he said the measure would include a provision to remove the cap on economic damages paid to residents and small businesses by oil companies after oil spills. Mr. Reid said the bill would also include incentives to encourage the production and purchase of vehicles fueled by natural gas, and to fund various land and water-conservation programs.

We're pretty sure they'll be bitchfighting over financial reform for the foreseeable future, hence the whole not pushing it thing...

Of course, BP hate is huge these days so I'm willing to wager they'll keep the climate agenda wrapped up in the BP hate agenda to ensure they get the legislation they want without actually having to fight for votes. This is Harry Reid we're talking about.

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.

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