Keith McCoy, our NAM vice president for energy and resources policy, is providing updates on the Waxman-Markey debate via Twitter posts (as are we). Keith reports:
Dem leadership is 3 short of 218 for final passage. They are confident that the bill will pass today, but the vote has been delayed indefinetely. (KMC)
You can follow it @NAM_shopfloor.
We’re also following @ismurray and @kerpen, and the environmentalist web publication, Grist, has a link to broader Twitter chatter about the American Clean Energy and Security Act. It’s too much, really, but one can glean intelligence from the chaff, dross, straw.
For the more traditional among you, Jane VanRyan at the American Petroleum Institute has a round-up of editorials and op-eds on the Waxman-Markey legislation at the EnergyTomorrow blog, “Waxman-Markey: What Others Say.”
The Chicago Tribune, in principle a supporter of cap-and-trade, also expresses doubts, serious doubts, in an editorial, “Too big, too fast“:
This is an incredibly expensive undertaking. If anyone in Congress tells you that he has read and completely understands this bill, and can explain exactly how the system to reduce carbon emissions would work and what its effects would be, he’s lying.
Democratic leaders need to slow down. This proposed legislation would affect every American individual and company for generations. There’s a huge amount of money at stake: $845 billion for the federal government in the first 10 years. Untold thousands of jobs created — or lost. This requires careful study, not a Springfield-style here’s-the-bill-let’s-vote rush job.
UPDATE (12:52 p.m.): Debate starts. Rep. Waxman introducing the measure, saying it does many good things. So many good things.
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