Barring the trickery of a lame duck conference committee, cap-and-trade is dead in the 111th Congress. Some blame President Obama for not taking a more hands-on role. Others blame environmental groups for waging a $100 million lobbying campaign without winning a single GOP convert to the Kerry-Lieberman bill. Others blame the allegedly “well-funded denial machine,” even though proponents, who include major corporations like BP as well as Big Green, must have outspent free-market and conservative advocacy groups by more than 100 to 1.
The August 11 edition of Climatewire (subscription required) featured interviews with Exelon Corp. VP Betsy Moler and Resources for the Future President Phil Sharp, who lament that Republican lawmakers, the “inventors” of “market-based” environmental policy, turned against their own “invention.” Moler and Sharp are trying to spin GOP opposition to cap-and-trade as self-contradictory, hence as unstable, hence as reversible. …
Last weekend, Sens. John Kerry (D-MA) and Lindsey Graham (R-SC) co-authored an op-ed in the New York Times titled, “Yes We Can (Pass Climate Change Legislation).”
Kerry and Graham want to pass a Senate companion bill to H.R. 2454, the American Clean Energy and Security Act (ACES), also known as Waxman-Markey, for its chief sponsors, Reps. Henry Waxman (D-CA) and Ed Markey (D-MA). Waxman-Markey narrowly passed in the House by a vote of 219 to 212. Only eight Republicans — under 5% of those voting — supported the bill.
Republican Opportunity
The overtly partisan character of Waxman-Markey is one of the reasons some observers conclude that Congress will not pass a cap-and-trade bill this year. Cap-and-trade “works” by raising consumer energy prices, and Democrats are loathe to increase household utility bills and pain at the pump unless they can snooker Republicans into giving them bipartisan cover.…
