June 24th, 2008 15:00 EST
Congress: Graveyard for Global Warming and Energy Bills
President George W. Bush is a lame duck with the lowest approval ratings since the advent of polls, but Democrats have been unable to craft a comprehensive, veto-proof climate bill.
Congress is a graveyard for climate and energy bills. A Hooter`s waitress has a better chance of working her shift without receiving unwelcome sexual advances, than a climate bill has of clearing Congress.
There is a new climate bill in the House, and my guess is that Bush will trade in his presidential limousine for a hybrid before it passes.
"Since climate change legislation failed to gather steam in the Senate this month, all eyes are now on the House. Energy and Commerce Committee Chair John Dingell (D-MI) has been promising a bill for months. Ed Markey (D-MA), Chair of the Select Committee for Energy Independence and Global Warming, put out an ambitious bill in early June.
Today, Reps. Lloyd Doggett (D-TX), Earl Blumenauer (D-OR) and Chris Van Hollen (D-MD) added their own legislation to the pile, to the cheers of green groups.
"The `Climate MATTERS Act` (clever acronym alert: `Market, Auction, Trust and Trade Emissions Reduction System`) aims to cut greenhouse-gas emissions 80 percent below 1990 levels by 2050 through a cap-and-trade system. Eighty-five percent of carbon credits would be auctioned immediately, ramping up to 100 percent by 2020. The bill emphasizes assistance to low-income Americans and transition help for displaced workers, putting half of the revenue from auction into programs like these. There`s also an emphasis on investment in green technology and job creation in the bill."
Quotation from: http://gristmill.grist.org/story/2008/6/17/145126/567/
This bill is so green it must have been drafted by the Jolly Green Giant, which means it probably won`t become law.
I hate to be pessimistic, but I don`t see Congress passing any meaningful energy or climate bills until Bush leaves office and Barack Obama takes over.