Energy & Natural Resources chairman Sen. Pete Domenici (R-NM) has been talking with ranking member Sen. Jeff Bingaman (D-NM) about negotiating a bill that would require reductions in greenhouse gas emissions, but has admitted that they are nowhere close to agreement on how to do it. That means no such legislation this year, it seems. That’s a good thing too, because it would be silly of the Senate to capitulate on this issue just as the rest of the world, led by Tony Blair (right in this case), is coming to realise that caps and targets on greenhouse gas emissions are simply unworkable.
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About the Author
Iain Murray is vice president for strategy at the Competitive Enterprise Institute.
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