Special interests wreck 'cap and trade' bill
- The bill’s targets are far less ambitious than what is achievable
with already existing technology , far weaker than science says is necessary to avoid catastroph ic climate change.
- The bill’s targets are undermined
by massive loopholes that could allow the most polluting industries to avoid real emission reductions until 2027.
- Rather than provide relief and support to consumers,
the bill showers polluting industries with hundreds of billions of dollars in free allowances and direct subsidies that will slow renewable energy developmen t and lock in a new generation of dirty coal-fired power plants.
- The bill removes the President’s authority to address global warming pollution using laws already on the books.
For these reasons, the Waxman-Mar
While the bill was opposed by Republican congressmen (all but 8) plus an assortment of "blue dog" energy producing and farm state Democrats, it also drew the active opposition of Rep. Dennis Kucinich (D-OH), perhaps the most progressive member of Congress. "It won’t address the problem," he said. "In fact, it might make the problem worse. It sets targets that are too weak, especially in the short term, and sets about meeting those targets through Enron-style accounting methods." He outdid the environmental organizations by listing 13 detailed reasons why the bill that passed the House is bad for the country.
The biggest problem is the bill's subsidies to the coal industry, which Kucinich described as "one of the primary sources of the problem that should be on its way out." Kucinich criticized these "massive corporate giveaways at taxpayer expense," pointing out, "There is $60 billion for a single technology which may or may not work, but which enables coal power plants to keep warming the planet at least another 20 years."
Kucinich offered or co-sponsored 10 separate amendments that collectively would have turned the bill into an acceptable starting point, but the Democratic House leadership refused to allow any of them to be offered to the full House.