More Industry News »

Democrats Pull the Plug on Cap and Trade
By Pork news source  |  Thursday, July 22, 2010

(AP) Senate Democrats on Thursday abandoned plans to pass an energy bill that caps emissions of carbon dioxide, saying Republicans refuse to support the measure.

Senate Majority Leader Harry Reid (D-Nev.) said no Republican was willing to back a comprehensive energy bill, a development he called "terribly disappointing."

Democrats have been trying for more than a year to pass a plan that charges utilities for carbon emissions. They're also abandoning a compromise plan to limit emissions only from utilities that also failed to attract the 60 votes needed to advance it in the 100-member Senate.

Reid and other Democrats said they would focus on a narrower bill that responds to the oil spill in the Gulf of Mexico and improves energy efficiency.

"We've always known from day one that to pass comprehensive energy reform, you've got to have 60 votes," said Sen. John Kerry, (D-Mass.), the bill's lead sponsor. "As we stand here today we don't have one Republican vote."

Kerry spoke at a Capitol news conference with Reid and White House energy adviser Carol Browner. The event followed a closed-door meeting in which Senate Democrats decided they lack the votes needed to bring the larger energy bill to the floor before the Senate's August recess.

Browner said President Barack Obama continues to support comprehensive energy reform that includes a cap on carbon emissions, but supports Reid's decision to go forward with a narrower bill.

Reid said the new bill will likely focus on holding oil giant BP PLC responsible for the Gulf spill, as well as ways to improve energy efficiency and increase spending on land and water conservation.

Copyright 2010 The Associated Press.

Printer-friendly version

Email a friend

 


FEATURED SECTIONS


PQA Plus Resource Center
Access information, news and more about PQA Plus, the pork industry’s quality assurance program.


Web Exclusive
Today's Farmer Should Think Like a CFO
Farmers who want to make money in today's unpredictable economy would do well to assume a corporate mindset and think like a chief financial officer.


PCVAD Resource Center
Articles and resources to answer all your PCVAD questions - sponsored by Intervet


2010 World Pork Expo
The annual World Pork Expo was held June 9-11, 2010, at the Iowa State Fairgrounds in Des Moines, Iowa. Find all of the highlights and exclusive videos here.


Genetics Resource Center
Welcome to the Genetics Resource Center — current news, research, resources and information about swine genetics.


Doane Resource Center
For more than 80 years, Doane Advisory Services has been in the business of helping U.S. agriculture stay in touch with prices, trends and other critical business information.


Young Pig Resource Center
Visit the Young Pig Resource Center for current news, research, resources and information about raising healthy young pigs.