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Posted Wed Jun 30 2010: from Guardian:
Barack Obama fails to rally support for energy bill
Barack Obama's hopes of leveraging public anger at the Gulf oil spill into political support for his clean energy agenda fell flat today after he failed to rally a group of Democratic and Republican senators around broad energy and climate change law. The standoff suggests the Senate would formally give up on climate change law, and recast energy reform as a Gulf oil spill response, that would roll in far more limited proposals such as a green investment bank, or a measure to limit greenhouse gas emissions that would apply only to electricity companies. Such a move would come as a personal rebuff to Obama who has put energy and climate change at the top of his agenda, and who called on the 23 senators at the White House meeting to establish a cap and trade system.... Republican Senators, even those purportedly supporting energy reform, have been adamant in their opposition to putting an economy-wide price on carbon. Lisa Murkowski, an Alaska Republican at the meeting, told reporters such moves would be too costly for the average family.
[Read more stories about: economic myopia, anthropogenic change]

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