From The Heritage Foundation’s Morning Bell blog:
In Europe, industries are pushing back against the EU’s goal of cutting greenhouse-gas emissions 20% by 2020, arguing that the midst of an economic crisis isn’t the time for costly new taxes on fossil-fuel consumption. Undeterred by their state’s crumbling economy, California adopted new regulations yesterday that hope to shrink the per capita carbon footprint of Californians by an average of four tons per year.
UPDATE (10:45 a.m.): From Bloomberg:
Oct. 16 (Bloomberg) — Barack Obama will classify carbon dioxide as a dangerous pollutant that can be regulated should he win the presidential election on Nov. 4, opening the way for new rules on greenhouse gas emissions.
The Democratic senator from Illinois will tell the Environmental Protection Agency that it may use the 1990 Clean Air Act to set emissions limits on power plants and manufacturers, his energy adviser, Jason Grumet, said in an interview. President George W. Bush declined to curb CO2 emissions under the law even after the Supreme Court ruled in 2007 that the government may do so.
That’s like the asking the entire economy to holds its breath until the nation turns blue and passes out.