Caution- Cap and Trade coming

Harry Reid, Politics, Election 2010, Freedom News, Green News, Lame Duck Congress, Obama News, Cap and and Trade, Energy Bill

From: http://news.firedoglake.com

A narrow energy bill which Harry Reid scaled back from earlier, more grandiose ambitions is likely to be pushed back until after the midterm elections, said the Senate Majority Leader on a conference call today. However, he did offer renewed hope, for the first time in a while, that the bill could include a renewable energy standard, mandating a percentage of electricity to be generated from renewable sources.

On the call, scheduled in advance of the third annual Clean Energy Summit on September 7 in Las Vegas, Reid went over the history of the energy bill, which initially was a comprehensive plan from John Kerry and others, including a cap and trade system for carbon emissions. “We originally tried to do a bill that John Kerry worked on for 8 or 9 months,” Reid said, but at the end of the process, Kerry and his colleagues found themselves unable to attract Republican support. “We had to step back with something more modest… a more compact bill.” The bill that Reid unveiled before the August recess includes the Home Star energy retrofits for residential properties, inducements for natural gas and electric vehicles, particularly in the trucking fleets, to reduce dependence on oil, and increased money for the Land and Water Conservation Fund, which can go toward any number of land use projects.