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Watching Government: Issues beyond cap-and-trade

05/25/2009
In a sense, some pressure was off American Petroleum Institute Pres. Jack N. Gerard the morning of May 18.The US House Energy and Commerce Committee was scheduled to begin marking up HR 2454 that afternoon. The bill, cosponsored by Reps. Henry A. Waxman (D-Calif.), the committee’s chairman, and Edward J. Markey (D-Mass.), who chairs its Environment and Energy Subcommittee, aimed to address global climate change by establishing a carbon cap-and-trade system in the US.But when API and Gerard originally planned to hold a teleconference with reporters that morning, they thought the US Senate also would be considering bills that would impose new taxes on domestic producers and refiners, ...
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