There’s lots of Washington, D.C., news, scuttlebutt, speculation and on-shining going over the cap-and-trade legislation being worked on behind closed doors in the U.S. House. The danger is that the legislative and budgetary activities may distract the public from the EPA’s regulatory power grab on greenhouse gases, which is continuing to run in the meantime.
New York Times, “Waxman buys time with pledge to produce climate bill next week”
Rep. Henry Waxman (D-Calif.) bought himself a little bit more time yesterday to produce a consensus on global warming and energy legislation amid a vocal uprising from within his party’s moderate ranks to turn the Energy and Commerce Committee’s attention over to health care.
Waxman pledged to produce a new version of draft legislation next week while again promising to pass the bill out of the full committee before the Memorial Day recess.
WASHINGTON, May 7 (Reuters) – President Barack Obama’s $3.55 trillion budget, released on Thursday, retains his plan to cut climate-warming carbon dioxide emissions by auctioning off 100 percent of emission permits to industries.
That is at odds with some in Congress, including members of Obama’s own Democratic Party, who are pushing for 50 percent or more of those emissions to be given away in the early stages of the plan to ease the transition to a lower-carbon economy.
As we noted above, the political and economic battles bring with them the risk that the outrageous regulatory overreach and political power grab from the Environmental Protection Agency will receive less attention. We’re talking about the EPA’s proposed endangerment finding for carbon dioxide and other greenhouse gases under the Clean Air Act, which, if adopted, would effectively give the EPA authority to regulate the entire U.S. economy.
The comment period has 45 days to run, and we urge manufacturers and anyone else disturbed by this unprecedented regulatory assault to submit a comment to the EPA.
The NAM has created a website with a petition and a draft letter to Congress opposing the endangerment finding. Please visit the site, and if so moved — for example, if the prospect of EPA controlling your company’s operations worry you — please express your objections.
The website: www.nam.org/epa
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