With financial reform and the unemployment extension finished, the Senate has to actually think about what to do next! (Kidding). They still want to finish a small business lending and tax break bill, the war supplemental will have to be dealt with, and Elena Kagan’s confirmation will wrap up in the August work period. But there’s also the energy and climate bill, which is scheduled to begin debate next week. Harry Reid says he’s “almost done” with the bill, but John Kerry and Joe Lieberman, who are clinging to some kind of carbon cap, say they need more time.
“[The utility companies] want to work with us to see if they can negotiate an agreement on a utility-only bill,” Lieberman said. “But as far as they are concerned, they can’t do it in 10 days, so they pleaded for more time, and I think that is something we ought to consider.”
“I hope that we are not going to force ourselves to be constrained by an artificial schedule,” Lieberman added.
After meeting with electric utility officials Tuesday morning, Kerry said the “irony of ironies” is that the industry prefers a draft plan he and Lieberman released in April that would spread a carbon-pricing program more broadly across the economy.
“They believe the allocations and the structure we created [in the original plan] really meets their needs,” Kerry said. “Whether we can replicate that now in terms of what we’re doing is what we have to go back and try to find out.”
It’s not an irony that the utility industry doesn’t want to bear the sole burden for a cap on carbon. It’s an irony that a legislator thinks they have to delay legislation because the industries it would legislate haven’t had enough time to weigh in on it.
Regardless of the “progress” cited by enviro groups about the utility-only cap, a simple check of key Democratic senators like Ben Nelson, Carte Goodwin and others shows that it has no chance of passing. Some aides have openly discussed moving away from the cap and toward a stronger renewable energy standard, efficiency title and oil spill response to make up the gap. But time is short, and if passing an energy bill in July of an election year sounds remote, passing it in September sounds impossible.




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Translation (actually this is a translation of virtually everything Kerry or Lieberman say): “We don’t want this bill until it’s written the way all the corporate lobbyists want it.”
Wasn’t it Lieberman who was supposedly the enemy of the White House for stopping legislation the WH supposedly wanted? It couldn’t be that the WH was trying to deceive people on what legislation it really wanted, NAH.
There is only one thing that is needed right at the moment–the continued ability of EPA to regulate greenhouse gas emissions.
And investments in development of alternative energy resources — more permitting of offshore wind farms, direct federal investment in accelerating smart-grid deployment, and the beginning of debate about pricing in a smart-grid environment. When individual households become producers as well as consumers of energy in a smart-grid network, pricing is a contentious issue that should not just be handed over to private utilities to decide.
The best news of all would be no legislation this year.
Lieberman (CT-Corp) probably wants to see if he can make a dent in comparison to Kerry’s (MA-Corp) investment portfolio.
Clearly Kerry doesn’t know the difference between irony and unabashed greed.
There must be some way of caving to the carbon producers & still calling it an energy bill. The pols & O are nothing if not inventive in that particular way. What does AEI or Heritage Foundation propound?
A case of moving the goal posts and giving the industry more time to write their legislation. That doesn’t happen very much in Congress.
Clearly they need to start with a catchy title that includes the word reform.
Health Care (Insurance) Reform
Financial Reform
Carbon Energy Reform
They should just use the still unregulated derivatives market as a model. Let businesses buy hedges and ramp energy prices to the sky using ZIRP funding. That’ll keep usage in check by golly. Oh, I guess that exists already.
Yes, they have a lot of ingredients in place. They ought to be able to bake them all into a toxic cake.
If it touches the continued ability of EPA to regulate greenhouse gas emissions, Reid is dead to me.
Steering graduates from the top-tier engineering schools away from the bomb makers to renewable energy firms would change energy consumption patterns more than anything.
In order to make things more efficient the carbon taxes will be put under the control of the Treasury. This will also allow the Treasury to step in when companies like BP, as is currently the case, are having profit problems while streamlining the tax issues. The Fed can then buy leaking wells or miraculous new “spontaneous” leaks, much like they have done with toxic mortgages that would have otherwise been a problem for the large banks to solve.
I’m hoping that this is too far for the current crop of politicians but I wouldn’t put money on it.
OT: Good news “Firebaggers”!
I don’t think the polls for individual races tell the true story of this upcoming November debacle. The independents are gone, and the Democrats simply aren’t going to show up. Wonderful you are bringing in all this corporate cash, Orahma. What good is that going to do you when everyone can see what piece of shit phonies the bunch of you are, and won’t take the time to vote for this Corporatist horseshit? FDL should hold a contest to see who gets to give Rahm a Cleveland Steamer the day after the midterms.
But even more telling is the excitement gap between the core voters of each party.
Just 44% of Obama voters—those who voted for Mr. Obama in 2008 or told pollsters they intended to—now express high interest in the midterm elections. That’s a 38-point drop from this stage in the 2008 campaign.
By contrast, 71% of voters who supported Republican John McCain in 2008 expressed high interest in this year’s elections, slightly higher than their interest level at this stage in that campaign.
Nearly two-thirds in the survey said they wanted more regulation of oil companies. Majorities also favor more regulation of Wall Street firms, health insurers and “big corporations.”
http://topics.wsj.com/subject/W/wall-street-journal/nbc-news-polls/6052
My contempt for Joe Lieberman is infinite and eternal.
LIEBERMAN??? WHO’S THAT??? OH YEAH…THE CREEP FROM CONNECTICUT…
I’m eternally embarrassed to admit that i live in CT, what with that idiot running around opening his mouth all the time.
Did he really say “…they need a breather…”?? i mean, really?