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Senator Graham calls cap-and-trade plan dead
Reuters ^
| Tue Mar 2, 2010 7:23pm EST
| Richard Cowan and Thomas Ferraro
Posted on 03/04/2010 10:19:26 AM PST by Ernest_at_the_Beach
WASHINGTON (Reuters) - The idea of imposing a broad cap-and-trade system to cut America's greenhouse gas emissions is dead and will be replaced with a new approach, an influential Republican senator said on Tuesday.
Lindsey Graham, one of three senators working against daunting odds to produce a compromise climate bill, has recently turned against imposing the kind of cap-and-trade system used in Europe, which involves companies buying and selling pollution permits.
Graham did not specify whether another mechanism or some sort of cap-and-trade would be used more narrowly, such as to control emissions in the power utility sector. "The cap-and-trade bills in the House and Senate are dead. The concept of cap-and-trade is going to be replaced," he said.
Cap-and-trade would involve cutting U.S. greenhouse gas emissions between 2012 and 2050 by establishing a regulated financial market where a wide range of companies would buy and trade a shrinking number of permits to pollute, which critics say would raise costs for consumers and companies.
International climate change negotiations hinge in part on the ability of the United States, the largest carbon polluter in the developed world, enacting a pollution-control law.
Meanwhile, some lawmakers were pressing ahead with plans to block the U.S. Environmental Protection Agency from regulating carbon emissions if Congress fails to pass a bill.
Senator John Rockefeller told reporters he is preparing legislation giving the EPA a two-year timeout on such regulations on stationary sources of pollution.
A permanent prohibition is being offered by Senate Republicans. In the House of Representatives, Republican leader John Boehner and 85 of his colleagues introduced their version.
(Excerpt) Read more at reuters.com ...
TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: amazongate; carbontrade; climatechange; climatechangedata; climategate; czechgate; epa; epacarbontrade; glaciergate; globalwarminghoax; globalwarmingscandal; ipcc; pachauri; pachaurigate; scandinaviagate
To: Ernest_at_the_Beach
Can’t get anything past Sen Graham. He is one sharp cookie.
2
posted on
03/04/2010 10:21:38 AM PST
by
skeeter
To: Ernest_at_the_Beach
what a little squirrel. the RATS must have some real interesting pics or a video starring lindsey.
3
posted on
03/04/2010 10:22:54 AM PST
by
kingattax
(99 % of liberals give the rest a bad name)
To: SunkenCiv; Marine_Uncle; Fred Nerks; steelyourfaith; NormsRevenge; onyx; BOBTHENAILER; ...
Maybe some sanity is coming to Washington....
To: skeeter
Yup - sharp like a wet bag of RATS.
5
posted on
03/04/2010 10:23:03 AM PST
by
bossmechanic
(If all else fails, hit it with a hammer)
To: Ernest_at_the_Beach; tubebender; marvlus; IrishCatholic; Carlucci; Desdemona; meyer; Para-Ord.45; ..
6
posted on
03/04/2010 10:23:17 AM PST
by
steelyourfaith
(Warmists as "traffic light" apocalyptics: "Greens too yellow to admit they're really Reds."-Monckton)
To: Ernest_at_the_Beach
Graham sneak back in the Senate because he was McCain's Co-Chair and people didn't want Obama. That won't happen again.
7
posted on
03/04/2010 10:23:19 AM PST
by
scooby321
To: Ernest_at_the_Beach
Graham are you finally listening!!!!!
WHAT TOOK YOU SO LONG!!!!!!!!!
8
posted on
03/04/2010 10:23:33 AM PST
by
truthandlife
("Some trust in chariots and some in horses, but we trust in the name of the LORD our God." (Ps 20:7))
To: Ernest_at_the_Beach
Hey, Lindsay,
tell me why we have to reduce “greenhouse gas” emissions.
9
posted on
03/04/2010 10:23:57 AM PST
by
MrB
(The difference between a humanist and a Satanist is that the latter knows who he's working for.)
To: MrB
To: skeeter
I’m surprized twinkle twit(sp) Lindsay Graham is taking it so well.....those poor polar bears and all....
11
posted on
03/04/2010 10:28:38 AM PST
by
Vaquero
(BHO....'The Pretenda from Kenya')
To: Vaquero
Im surprized twinkle twit(sp) Lindsay Graham is taking it so well.....those poor polar bears and all....
12
posted on
03/04/2010 10:31:45 AM PST
by
Vaquero
(BHO....'The Pretenda from Kenya')
To: Ernest_at_the_Beach
until Lindsey’s aides manage to come up with a new name for it
To: Ernest_at_the_Beach
Lindsey Graham- SCUM OF THE EARTH!
There, got that off my chest!
14
posted on
03/04/2010 10:40:43 AM PST
by
truthguy
(Good intentions are not enough!)
To: Ernest_at_the_Beach
“...one of three senators working against daunting odds to produce a compromise climate bill, has recently turned against imposing the kind of cap-and-trade system used in Europe, which involves companies buying and selling pollution permits.”
GE and many on Wall Street will not be happy about this.
15
posted on
03/04/2010 10:42:46 AM PST
by
moose2004
(Stand up, speak out and stop Obamacare and GE)
To: Ernest_at_the_Beach
Yea right, ya little fa ggot.
16
posted on
03/04/2010 11:06:26 AM PST
by
Dewey Revoltnow
(Worst. Community. Organizer. Ever!)
To: Ernest_at_the_Beach
“The concept of cap-and-trade is going to be replaced,”
Replaced with what or just re-named? Kill the whole concept once and for all.
To: Ernest_at_the_Beach
GOOD!
18
posted on
03/04/2010 12:05:53 PM PST
by
Rummyfan
(Iraq: it's not about Iraq anymore, it's about the USA!)
To: Ernest_at_the_Beach
What I find interesting is Rockefeller has come over to the "light side" on this one. He fully understands the horrible consequences this would pose to his state being heavily invested in coal. Good for him in this particular case.
And obviously I as well as many at this site now see Senator Inholfe and his companion now making some real headway in bring the whole fictitious global warming issue to a head.
Hopefully the Senate as well as a slowly scared HR will see the need to go up against anything the Holdren and Jackson's might have in mind.
19
posted on
03/04/2010 7:15:57 PM PST
by
Marine_Uncle
(Honor must be earned....)
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