A slimmed down energy bill is expected to be introduced in the US Senate possibly today. The focus is on off-shore drilling and transportation fuel shifting to natural gas for heavy trucks. A section on a price-on-carbon is missing because the democrats could not get support for the 60 votes needed.
In regards to a climate bill:
“Reid said Congress could revisit climate legislation in September but lawmakers and analysts doubt there will be much appetite ahead of the mid-term elections in November.” To learn more, see the Reuters article at the link below:
http://af.reuters.com/article/energyOilNews/idAFN2515434420100726Read the rest of entry »
Senate Majority Leader Harry Reid has planned an energy bill debate for the week of July 26. He suggests that a “rough draft” of the proposed legislation will focus on carbon dioxide pollution cuts from the utility sector. In addition to curbing carbon emissions, the debate will likely address the BP oil spill, efforts to boost renewable energy use, and energy-related job creation. You can find a good review of the energy bill movement on the Hill in the July 13, 2010 article, “Energy Bill May Cut Power-Plant Pollution, Reid Says” from Bloomberg Businessweek.