Cap and Trade

  • March 31, 2010

    The Obama administration's approach to environmental protections crystallized this week with several announcements generating a cacophony of responses.

    Late last week, the Environmental Protection Agency (EPA) proposed to veto what Mike Lillis at The Washington Independent described as the largest mountaintop mine in West Virginia. "Mountaintop removal [or mining] refers to the process of blowing the tops off of mountains to uncover the seams of coal inside," Lillis writes. "The soil, rock, trees and other debris are then pushed into adjacent valleys, often burying tiny streams representing the headwaters of larger rivers below."

    Environmentalists celebrated the move, indicating that they were hopeful that the proposal would be acted on by the Agency following its publication on April 2, and a 60-day public comment period.

    This morning, however, environmental advocates saw two of their most-favored positions drop off of the Obama administration's agenda. 

    Speaking on CNBC, Interior Secretary Ken Salazar said that "cap-and-trade is not in the lexicon any more." Some observers indicated that the statement was a careful back-pedaling away from the policy, which seemed doomed to die in the Senate.

  • June 12, 2009
    Guest Post

    By Wendy Patton, Senior Associate, Policy Matters Ohio/Ohio Apollo Alliance

    Last year, as the Mississippi swamped the heartland (again) and Hurricane Ike ravaged a surprised Midwest, insurance companies ramped up investment in climate modeling and the Senate debated comprehensive climate legislation. In fact, the concern about climate has been developing for years. The Senate has held more than 40 days of hearings with more than 300 witnesses during the past two Congresses. Change is upon us, and has been for some time.

    Change is nothing new to the Steel Belt, where producers of widgets and gadgets evolve into information system architects, and where coal miners retrain to become nurses. Our economic history has forced us to seek opportunity. This is a competitive advantage.

    Federal climate legislation under consideration in the House of Representatives offers the kind of opportunity we need to build on this competitive advantage. H.R. 2454, The American Clean Energy and Security Act of 2009, would raise revenues from pollution to invest in energy efficiency and drive demand for components to produce wind and solar energy and fuel-efficient vehicles. Manufacturers in the Steel Belt and across the nation are poised to capture that demand.