Reid Abandons Cap & Trade in Face of Bipartisan Opposition

Hitting a wall of bipartisan opposition to placing a price on carbon, even if just in the utility sector, Senate Majority Leader Harry Reid, D-Nev., Thursday unveiled a narrow, limited energy bill that contains no cap and trade plan. "Unfortunately this Congress, we don't have a single Republican," Reid told reporters, as he outlined a 4-pronged plan that increases the liability cap for damage incurred from the BP oil spill in the Gulf of Mexico, as well as, new oil rig safety regulations; converts the diesel fleet to natural gas; legislates the HOME STAR energy efficiency program which provides homeowners financial incentives to purchase energy efficient products; and invests in the Land and Water Conservation Fund. Reid said he has 60 votes for the scaled-back legislation, though details of the BP portion of the bill were not yet clear. The HOME STAR legislative component has Sen. Olympia Snowe, R-ME, as a co-sponsor, though, and Reid said Republicans have supported the other provisions of his plan. Moderate Sen. Ben Nelson, D-NE, a cap and trade skeptic said he expects the new Reid bill to pass. While the leader is punting on climate change legislation for now, he made it clear he and other Democrats would continue to try to rally support for a price on carbon, but it is not clear how the math would change in the Senate that would enable Reid to get 60 votes to break a filibuster. Read more: congress.blogs.foxnews.com...

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Here is the real reason for global warming hysteria. And my belief is that Al Gore's recent eminent fall from grace, is directly related to this agenda. He will be conveniently thrown under the bus and labeled the official fall guy for the hysteria that is Global Warming.


[edit on 22-7-2010 by network dude]

so was healthcare once upon a time and november is a long way away and so is 2012 if you really think its dead think agian.

Like all the other massive bills passed by the Democrats in the past 18 moths, it was a bad bill and had little to do with what they said it was going to do. They simply wanted the carbon tax so they could continue to spend trillions on their brave new world.

If the Obama Administration and Reid and Pelosi were really serious about reducing emissions, they should have made the GM and Chrysler bail-outs conditional and required them to only produce electric and hybrid vehicles by the end of two years with the same requirement on all the other motor vehicle companies by the end of five years.

That is really the one thing that would actually work at a huge reduction of emissions.

They could still do it now and it would likely get vast support.

Then they could move on to doing something about how we generate electricity and our power grids.

No doubt, this shortened version also has billions in earmarks just as all their bills have.

We can only hope that Reid will be out of there at the end of the year.