Abstract
SENATE MAJORITY LEADER Harry M. Reid (D-Nev.) last week introduced what clean energy advocates had hoped would be energy legislation that put a price on carbon. But a so-called cap-and-trade energy bill, Reid said, would garner too few votes to pass. Instead, the bill mainly addresses the BP Gulf of Mexico oil spill. It carries just a few energy-related provisions that encourage electric and natural-gas-fueled vehicles and provide funds for residential energy-efficiency renovations. Reid’s bill would have little if any impact on greenhouse gas emissions because it both fails to put a price on carbon and lacks provisions to support development of renewable energy. The legislation is a far cry from climate-change legislation that passed the House of Representatives a year ago or from energy provisions that had been discussed over the past year in the Senate. “The simple matter is I did it because I had to,” Reid says, referring to the introduction ...
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