Jason Barton

Professional Information and Energy News

Obama Says Senate May Drop Cap and Trade, Pass Energy-Only Bill

with one comment

I hear more and more that this is the most likely scenario. Though at a recent townhall-style meeting, Rep. Ed Perlmutter (D-CO) claimed that this fight was far from over and that he is optimistic about the chances for a cap and trade bill. Even if this bill passes, I don’t see it taking effect for several years, so if one is looking for change in energy markets, it won’t likely come from Cap and Trade for several years. The mere belief that this may happen, combined with public perceptions and pressure from consumers and shareholders are already causing considerable movement, as has been well documented on this site, towards renewable and low-carbon energy resources.

By DARREN SAMUELSOHN of ClimateWire
Published: February 3, 2010

President Obama acknowledged yesterday that the Senate may pass an energy bill this year without the cap-and-trade component he has long put at the center of his environmental agenda.

Speaking at a town hall meeting in Nashua, N.H., Obama repeated his call for a price on greenhouse gas emissions but said he recognized that such an approach may not have the votes to make it into law.

Read the entire article here.