Senators Unveil New Climate Bill Draft
By IAN TALLEY
WSJ
WASHINGTON – A trio of senators seeking to break a congressional deadlock on climate legislation unveiled a proposal Thursday that combines caps on greenhouse-gas levels with new offshore oil-and-gas exploration and nuclear power plant incentives.
The outline offered by Sens. John Kerry (D., Mass.), Lindsey Graham (R., S.C.), and Joe Lieberman (I., Conn.) won praise from President Barack Obama who called it a "positive development." Mr. Obama is scheduled to attend the United Nations climate summit in Copenhagen next week along with other world leaders, and the U.S. is under pressure to offer commitments to make significant cuts in its consumption of fossil fuels.
But it's unclear whether the Kerry-Graham-Lieberman proposal will win over Democrats from heartland states and Republicans opposed to adopting caps on U.S. carbon emissions. Senate Majority Leader Harry Reid has put off consideration of a climate bill until spring and is focusing attention on health care and jobs.
Asked if there were any other Republican senators close to joining the three-senator group, Sen. Graham laughed and said, "No."
(More here.)
WSJ
WASHINGTON – A trio of senators seeking to break a congressional deadlock on climate legislation unveiled a proposal Thursday that combines caps on greenhouse-gas levels with new offshore oil-and-gas exploration and nuclear power plant incentives.
The outline offered by Sens. John Kerry (D., Mass.), Lindsey Graham (R., S.C.), and Joe Lieberman (I., Conn.) won praise from President Barack Obama who called it a "positive development." Mr. Obama is scheduled to attend the United Nations climate summit in Copenhagen next week along with other world leaders, and the U.S. is under pressure to offer commitments to make significant cuts in its consumption of fossil fuels.
But it's unclear whether the Kerry-Graham-Lieberman proposal will win over Democrats from heartland states and Republicans opposed to adopting caps on U.S. carbon emissions. Senate Majority Leader Harry Reid has put off consideration of a climate bill until spring and is focusing attention on health care and jobs.
Asked if there were any other Republican senators close to joining the three-senator group, Sen. Graham laughed and said, "No."
(More here.)
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