Waxman Deal in Place?

by Paul Chesser, Heartland Institute Correspondent on May 15, 2009

The San Francisco Chronicle reports that Rep. Henry Waxman thinks (despite what Rep. Joe Barton says) he has a deal to pass his cap-and-energy-tax legislation out of an Energy and Environment Subcommittee:

Congressional leaders who support a new cap on greenhouse-gas emissions reached agreement on a plan Thursday to ease the burden it will impose on refiners, paving the way for a key House panel to vote on the climate-change proposal next week.

Rep. Henry Waxman, D-Los Angeles, chairman of the House Energy and Commerce Committee, and Rep. Edward Markey, D-Mass., signed off on the compromise with Texas Democrats Gene Green and Charles Gonzalez. The cornerstone of their deal was a commitment to donate 2 percent of valuable carbon dioxide emissions permits to refiners.

Coal and electric have been declared the “big winners,” but the refinery permits do not appear to be enough (see 5/15 entry) for “Big Oil:”

Unfortunately, while the proposal is meant to solve a serious environmental challenge and spur growth in our weak economy, its inequitable system of allocations will have a disproportionate adverse impact on consumers and producers of gasoline, diesel fuel, jet fuel, crude oil and natural gas. Those who drive, fly or take the bus or train to work will shoulder a disproportionate burden and this must be rectified. Emission allowances will be distributed inequitably, ultimately imposing greater costs on consumers and producers of oil and gas.

No official comment was immediately available from residential thermostat adjusters or do-it-yourself gasoline pumpers.

Bob R Geologist, Tuc May 16, 2009 at 10:57 am

However you slice it, Cut and Trade is a direct tax on the energy consumer that has no legitimate reason to be enacted. Carbon dioxide has been declared by petiton to our Senate from over 32,000 legitimate US scientists that "There is no convincing scientific

evidence that human release of carbon dioxide, methane, or other greenhouse gases is causing or will, in the foreseeable future, cause catastrophic heating of the Earth's atmosphere and disruption of the Earth's climate. Moreover, there is substantial scientific evidence that increases in atmospheric carbon dioxide produce many beneficial effects upon the natural plant and animal environment of the Earth." Shakespeare said it best in his play, "Much Ado About Nothing." This is a problem that exists only in the fevered brains of rabid environmentalists whose exaggerations, lies, and obfuscations have been eagerly circulated by sensational news seeking media.

Bob R Geologist, Tuc May 16, 2009 at 3:37 pm

Waxman – Markey is a bill unsupported by science that is a bold faced attempt to tax US citizens for a non-existent energy crisis. It demonizes carbon dioxide, CO2, a tiny constituent of our atmosphere, as a pollutant responsible for uncontrollable warming of our planet. CO2 is a vital constituent, not a pollutant. Plant life is dependent on CO2 to grow. The Earth would be as barren as Mars without it and all life would starve. We have abundant hydrocarbon resources to keep our civilization running for more than 100 years. Plenty of time to switch our economy to more sustainable sources of energy. These enviroidiots will destroy civilization we have spent a thousand years in development if we allow them to exercise their insane ideas. They have nothing but BAD SCIENCE on their side.

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