Environmental Law

Tracing the Demise of Cap and Trade - NYTimes.com

By STEPHEN HOLZER

Environmental groups and their foes in industry joined hands to embrace the approach, a market-driven system that sets a ceiling on global warming pollution while allowing companies to trade permits to meet it. President Obama praised it by name in his first budget, and the authors of the House climate and energy bill passed last June largely built their measure around it.

via www.nytimes.com

Per Star Treck-"It's dead, Jim." Don't be too sure--the same thing was said about the Democratic health care reform package; but the present Democratic leadership is more ideological than perhaps any Democratic Administration since Andrew Jackson.

Count on the Adminstration to push and push it's nation-transorfming agenda no matter what. The only thing that may stop this is the Congress' weariness about trying to to too much, too soon in the face oif an outraged public in a still center-right Nation.

Full post as published by Environmental Legal Blogs on March 26, 2010 (boomark / email).