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Largest independent oil refiner hopes for cap-and-trade defeat in Senate



By Julieta Mendoza
28 July 2009 @ 04:17 pm ET

However critics of the legislation say the U.S. alone will not contribute to significant reductions of worldwide emissions if India and China - which have already declined to participate in climate change control - and other developing countries don't implement similar measures.

The U.S. Senate Committee on Environment & Public Works is currently holding hearings on the bill and is expected to write its version of the legislation by September, according to the committee's chairman Barbara Boxer, Reuters noted.

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Comments
1.
Jul 28, 2009 10:10pm

Please encourage your law makers to vote against this bill. This will destroy small communities like the one where I live and raise our cost of living. "Change" should not include destroying people's lives, livelihoods or entire communities!
2.
Jul 28, 2009 11:31pm

I have been working environmental improvement for 3 decades, (up till recently). The public has been sold a bill of goods on this one. They have been taught in the government schools and impressed by the press that anything "green" is good. So the politicians eager for votes and trying hard to avoid the light of day support this bill so they don't stand out against the paradigm. Well this legislation is good for the tree frog (maybe) but will make the unemployment lines longer and will creep up the cost slowly so you don't remember who to blame. Any cost that industry bears has to be passed on to consumers or they shut down so guess who pays? You and I of course. My suggestion is, if this passes the Senate we should all invest in bicycles, learn to plant a garden and move South. (Unemployed Pulp and Paper Industry ex employee). Oh and vote the Senators a new job next election day.
3.
Jul 28, 2009 11:34pm

Time is ticking . We vote out the house & sentors , vote all new reps who suport the people !
4.
Jul 29, 2009 8:47am

While I believe that we must do something to stem the tide of climate change soon, I do not beleive that Waxman-Markey and/or cap and trade is the best way to do it. In fact, I think Waxman-Markey is practically meaningless with all of the concessions that have been given away to ensure passage. Having said that, there is an alternative: a straightforward and transparent revenue-neutral carbon tax that will avoid the evasion and market manipulation inherent to cap and trade, incentivize green R&D and recycle the revenue to families already struggling under the weight of the current economic downturn. A carbon tax protects the environment, American families AND the overall economy. I hope that Mr. Klesse takes a look at this alternative and throws his weighty support behind it.

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