Is Cap And Trade Now Really Most Sincerely Dead?
Is cap and trade now really, most sincerely dead? Well, Politico is reporting "Senate Democrats pulled the plug on climate legislation Thursday, pushing the issue off into an uncertain future ahead of midterm elections where President Barack Obama’s party is girding for a drubbing."
However, even if cap and trade is truly dead and buried this time, the fact is that much more aggressive CO2 regulations are on the way. Expect EPA to accelerate its rule-making binge and give free rein to green ideologues, both in and outside of the agency. Also, the "energy bill" promised by Reid likely will contain billions in subsidies and pay-outs to a variety of favored industries and players. We expect to see a draft of the bill next week, and will analyze its terms, and the winners and losers, then.
