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Posted Mon Dec 28 2009: from POLITICO:
Senate Democrats to W.H.: Drop cap and trade
Bruised by the health care debate and worried about what 2010 will bring, moderate Senate Democrats are urging the White House to give up now on any effort to pass a cap-and-trade bill next year... The creation of an economywide market for greenhouse gas emissions is the heart of the climate bill that cleared the House earlier this year. But with the health care fight still raging and the economy still hurting, moderate Democrats have little appetite for another sweeping initiative -- especially another one likely to pass with little or no Republican support. "We need to deal with the phenomena of global warming, but I think it's very difficult in the kind of economic circumstances we have right now," said Indiana Democratic Sen. Evan Bayh, who called passage of any economywide cap and trade "unlikely."
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