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Sources: Energy bill next week
Politico ^ | May 5, 2010 | Jeanne Cummings

Posted on 05/05/2010 4:50:52 PM PDT by jazusamo

In a high-stakes move, Sen. John Kerry (D-Mass.) and Sen. Joe Lieberman (I-Conn.) are planning to forge ahead with or without Sen. Lindsey Graham (R-S.C.) and introduce an energy bill next week, according to sources familiar with the planning.

In addition to the uncertainty about Graham’s status on the bill, Kerry and Lieberman are gambling that the dramatic oil spill in the Gulf of Mexico will help, rather than hurt, momentum for the legislation.

That’s not a sure thing. As described in interviews, the reform package includes provisions that allow an expansion of offshore drilling and generous revenue sharing for coastal states that allow it. Lindsey told POLITICO those provisions were essential to his support.

Since the explosion at the BP rig began pumping millions of gallons of oil into the gulf, a host of Democratic and Republican senators have expressed skepticism if not outright opposition to the idea of expanding offshore test wells.

Sen. Bill Nelson (D-Fla.) threatened to filibuster the legislation. "If offshore drilling off the coast of the continental United States is part of it, this legislation is not going anywhere,” he said.

According to sources familiar with the senators’ deliberations, Kerry and Lieberman have concluded that the crisis in the gulf – which is likely to get worse before it gets better – will focus the public’s attention on the nation’s dependency on oil and facilitate the debate about reforming the energy sector.

Since the actual language in the legislation has not been revealed publicly, advocates of the measure said Kerry and Lieberman may decide to change it in light of the gulf disaster.

For instance, the senators could insist that any future rigs include more safeguards against such a spill. They could also insert language that beefs up oil company liability in the case of such economic and environmental disasters.

In a speech at a green jobs conference on Wednesday, Kerry hinted at the decision to introduce the bill, saying “we will roll it out very, very soon.” He also said electric utilities and other businesses are expected to push for its passage.

The introduction of the legislation would be just the latest twist in the energy reform package’s troubled path to the Senate floor.

The three senators were scheduled to unveil it at an elaborate press conference last week. The event was abruptly canceled when Graham withdrew his co-sponsorship in protest of the decision by the White House and Sen. Harry Reid to move immigration this year, too.

Since then, Graham has lashed out at President Barack Obama on the immigration issue but quietly continued work on the energy reform bill. With his approval, Kerry and Lieberman forwarded it to the Environmental Protection Agency last week for analysis.

Before Graham’s defection, Reid had said he intended to take up the energy bill after the Senate completes work on financial regulation reform, a process that is beginning to wind down now that key, bipartisan agreements have been worked out.

The introduction of the legislation next week would put it in a position to be taken up on that schedule. The package is expected to be a grab bag of incentives and penalties aimed at reducing dangerous greenhouse emissions while also driving changes in the economy and consumer habits toward newer, cleaner fuels. The legislation is also designed to rid the U.S. dependency on OPEC oil.

The coal industry has already voiced concerns about the measure. Although it is expected to include millions to encourage the development of clean coal technology that is essential to the industry’s future, some insiders say the Senate bill isn’t as generous as the House version. That could prompt an aggressive push against the bill by coal state senators, including ten powerful Democrats.

In other sections of the package, the nuclear industry is set to receive millions in government-backed loans that could revive it. The legislation also includes incentives for expansion of natural gas powered truck fleets. The bill includes a variety of methods for putting a price on carbon, a development that is essential to making wind, solar and other renewable sources more valuable. The package also will incorporate another Senate bill that targeting energy efficiency.


TOPICS: Business/Economy; Extended News; Government
KEYWORDS: capandtax; capandtrade; energybill
Kill it!
1 posted on 05/05/2010 4:50:52 PM PDT by jazusamo
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To: All
Please bump the Freepathon and donate if you haven’t done so!

2 posted on 05/05/2010 4:52:17 PM PDT by jazusamo (But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
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To: jazusamo

They need energy and immigration before November to complete the takeover. Welcome to the NWO.


3 posted on 05/05/2010 4:54:48 PM PDT by screaminsunshine (S)
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To: screaminsunshine

Agreed. AGW & Cap ‘n Tax is NWO itself. Next is eliminating speech/dissent, then guns.


4 posted on 05/05/2010 4:56:30 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spirito Sancto.)
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To: jazusamo
These a***s are going to Rahm through their whole agenda before we have a chance to take back the House and Senate. Their narcissistic arrogance is breathtaking. Any Republican voting for the Financial, Climate or Immigration Reform Bills will be targeted for replacement as soon as they come back up for election!
5 posted on 05/05/2010 4:56:51 PM PDT by originalbuckeye
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To: jazusamo
In a high-stakes move, Sen. John Kerry (D-Mass.) and Sen. Joe Lieberman (I-Conn.) are planning to forge ahead with or without Sen. Lindsey Graham (R-S.C.) and introduce an energy bill next week, according to sources familiar with the planning.

There go them pesky republicans again not being bipartisan and taking full advantage of their minority status and ramming through crap against the peoples will without fair and reasonable debate.

6 posted on 05/05/2010 4:57:04 PM PDT by EGPWS (Trust in God, question everyone else)
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To: combat_boots

Out of Chaos comes Order.


7 posted on 05/05/2010 4:57:51 PM PDT by screaminsunshine (S)
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To: EGPWS
Linsey Graham(R)

Like he is the conservative alternative to (D) or (I) or something of the sort. LOL!

8 posted on 05/05/2010 4:59:55 PM PDT by EGPWS (Trust in God, question everyone else)
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To: combat_boots

If they get enough people to lose their jobs, and piss them off enough, all their wonderful government benefits will mean nothing.


9 posted on 05/05/2010 5:00:21 PM PDT by struggle ((The struggle continues))
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To: steelyourfaith

Ping!


10 posted on 05/05/2010 5:02:37 PM PDT by jazusamo (But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
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To: jazusamo; Darnright; Nipfan; Defendingliberty; 4horses+amule; Nervous Tick; Amagi; Beowulf; ...
Thanx !

 




Beam me to Planet Gore !

11 posted on 05/05/2010 5:11:27 PM PDT by steelyourfaith ("Let his days be few; and let another take his office. " - Psalm 109:8)
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To: combat_boots
Agreed. AGW & Cap ‘n Tax is NWO itself. Next is eliminating speech/dissent, then guns.

And to say that they are "Reducing the National Debt" they will raise taxes and cut the military to the bone (While increasing welfare programs and other entitlements for select "victim" groups).

12 posted on 05/05/2010 5:14:34 PM PDT by Thunder90 (Fighting for truth and the American way... http://citizensfortruthandtheamericanway.blogspot.com/)
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To: jazusamo

13 posted on 05/05/2010 5:18:48 PM PDT by TSgt (We will always be prepared, so we may always be free. - Ronald Reagan)
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To: originalbuckeye

I`ll do better then that and with hold my vote for them this up coming election. I`m thru with the lesser of two evils, let them go join the rats, thats where they belong.


14 posted on 05/05/2010 5:29:10 PM PDT by nomad
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To: jazusamo

Panic time! They’ve got to get all this crap passed while they can.

I think the GOP should call for a legislative moratorium until Jan. That way, if the Dems still win, they’ll have at least another two years to destroy the country. If we win, hopefully, the carnage will end.

But the big plus would be that the American people could decide if they want this crap or not.


15 posted on 05/05/2010 6:11:18 PM PDT by Kenny
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To: Kenny
But the big plus would be that the American people could decide if they want this crap or not.

Couldn't agree more. I've been around a long time and don't ever remember a Congress or Prez that tried to shove this much junk this fast down the peoples (that didn't want it) throat, it's criminal IMO. Of course we never had a Prez like Zer0.

16 posted on 05/05/2010 6:34:36 PM PDT by jazusamo (But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
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To: jazusamo

Help me get the word out, a legislative freeze until Jan.

There’s nothing pending that can’t wait so if they’re not willing to impose a spending freeze with our financial problems, they should have to explain the big rush.


17 posted on 05/05/2010 6:38:33 PM PDT by Kenny
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To: Kenny

I think it’s a good idea and it couldn’t hurt to try. I don’t know how some Repubs (RINOs) would react to trying it and I know the RATS would resist with everthing they’ve got but I’ll help try.


18 posted on 05/05/2010 6:50:29 PM PDT by jazusamo (But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
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