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Energy Interests Spend Millions for Their Seat at the Climate Table http://apocadocs.com/s.pl?1273595020
Businesses with significant stakes in the outcome of climate and energy legislation ramped up lobbying spending earlier this year as they worked to shape the Senate bill scheduled to be unveiled this week. Electric utilities and the coal, chemical and natural gas industries in particular boosted influence efforts and appear poised to receive key parts of what they sought in new climate policies. Utilities and coal are likely to see language that lets power plants escape most penalties for greenhouse gas emissions in the early years of a carbon restriction program, according to those familiar with the draft legislation. Chemical companies could garner a delay in having to comply with new rules. Natural gas hopes to win incentives that would help companies increase their share of the energy market.
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[Read more stories about:
anthropogenic change, climate impacts, capitalist greed, economic myopia, governmental idiocy, short-term thinking]
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