EPA Admits Cap-and-Trade Won’t Work
Nicolas Loris /
With the Waxman-Markey cap-and-trade bill passing the House on June 26th, we turn our attention to the Senate side of the debate. And it’s already starting:
Cabinet officials pressed President Barack Obama’s case for climate-change and clean-energy legislation at a Senate hearing on Tuesday as lawmakers clashed over whether a ‘cap-and-trade’ system for cutting greenhouse gases would help the U.S. economy or hurt it.
‘Denial of the climate-change problem will not change our destiny; a comprehensive energy and climate bill that caps and then reduces carbon emissions will,’ said Energy Secretary Steven Chu in remarks before the Senate Environment and Public Works Committee.
Mr. Chu and the secretaries of agriculture and interior joined the chief of the Environmental Protection Agency in making Mr. Obama’s case to generally supportive Democrats and skeptical Republicans.