NEPA and the climate

An economy teetering despite interest rates barely above zero soon will have a new load to bear. The White House will blame Congress, especially the Republican-controlled House of Representatives. But Americans should know otherwise. Chiding the legislature for not passing a cap-and-trade scheme to control emissions of greenhouse gases, Obama declared in his state-of-the-union speech, "If Congress won't act soon to protect future generations, I will." Yet Congress had excellent reason to reject cap-and-trade. Americans saw how much the system would cost and how little it would influence climate. They wisely persuaded elected officials not to follow Europe into costly futility. B...

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