Newspaper article The Christian Science Monitor

Last Chance for Climate Change Legislation?

Newspaper article The Christian Science Monitor

Last Chance for Climate Change Legislation?

Article excerpt

Addressing global warming is a top priority for President Obama and for a bipartisan group of senators who'll offer a bill Monday. But tough issues remain, and time is running out before this fall's elections.

[UPDATE: Saturday 7:30 pm ET. Senator John Kerry said the announcement of the bill, expected Monday, had been "postponed only temporarily." Republican Senator Lindsey Graham said earlier on Saturday he would have to pull out of the bipartisan climate change effort because of concerns Democrats would push forward with a debate on immigration reform, rather than the climate change bill, in the Senate, Reuters reported.]

It's crunch time for climate change legislation on Capitol Hill, and the bill to be introduced Monday could be the last chance for passage before lawmakers face voters this fall.

The bill coauthored by Sens. John Kerry (D) of Massachusetts, Lindsey Graham (R) of South Carolina, and Joseph Lieberman (I) of Connecticut has as its main goal a 17 percent reduction in US greenhouse gas emissions (mainly carbon dioxide) from 2005 levels in 10 years and 80 percent by 2050.

It has easier requirements on emissions caps for power plants and other major contributors of greenhouse gases - easier than previous legislative proposals. It also has incentives to build new nuclear power plants. There are also provisions for offshore oil drilling.

The measure pleases no one entirely. But many environmentalists see it as the most realistic option given the current political climate. And it's been endorsed by the Edison Electric Institute (which represents the nation's largest power producers) as well as three major oil companies - Shell Oil Co., BP and ConocoPhillips.

Still, it's an uphill climb for supporters of climate change legislation - which is also a top priority for President Obama.

"Despite the fanfare that is likely to accompany the announcement, the bill is running almost two months behind schedule and has been losing political momentum for an even longer period," reports International Oil Daily, noting pressing unrelated issues as well questions about the Kerry-Graham-Lieberman bill itself. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.