Posts Tagged ‘climate change’

White House at war with U.S. Chamber?

Friday, October 23rd, 2009

Is the Obama administration trying to marginalize America’s largest business group?

“The uneasy relationship between the Obama White House and the U.S. Chamber of Commerce has steadily eroded over the past several months, with the business group’s opposition to health care and climate change legislation triggering an all-fronts backlash from the administration,” Fox News reports, “White House targets Chamber.” “The administration is now trying to neutralize the Chamber by doing an end-run around the group and dealing directly with its members.”

“Obama and top aides quietly have met with 50 to 60 big-time corporate CEOs over the past few months in an effort to cultivate their support on key issues — the White House denies that it has encouraged any companies to sever ties with the Chamber.”

Liberal groups have highlighted such firms as Apple cancelling their Chamber membership over climate change legislation. Another influential firm, Nike, resigned its seat on the board of directors.

(It’s somewhat hypocritical of Apple and Nike to support the proposed cap-and-trade legislation pending in Congress. Both companies manufacture their products in third-world countries exempt from limits on carbon emissions. The Chamber’s membership also includes many companies with U.S. factories that would face steep costs to stay in business if cap-and-trade would become law.

Obama’s allies are turning up the heat on the U.S. Chamber as well. A group of small businesses in Iowa, called 1Sky, recently issued a news release in which they criticized the Chamber for not supporting climate change legislation.

How will cap and trade hit you in the pocketbook?

Friday, June 26th, 2009

How much would the climate bill under debate in the U.S. House Friday cost the average American?

The answer varies widely, depends on the source, data use and assumptions made.

The Waxman-Markey, named for its House sponsors, would put the first national limits on emissions of heat-trapping gases from major sources like power plants, refineries and factories. It would up an open market to trade credits permitting emissions.

Critics argue much of those added costs would be passed on to consumers, mostly in the form of bigger monthly electric bills, higher gas prices at the pump and the added expense of producing and delivering goods and services.

According to the Congressional Budget Office, the climate legislation would cost the average household only $175 a year by 2020. In their talking points, majority Democrats note that’s less than the cost of a single postage stamp per day.

But The Wall Street Journal says a closer look at the CBO analysis finds that it “contains so many caveats as to render it useless,” “The cap and tax fiction.” The Wall Street Journal points to much different numbers contained in a more comprehensive analysis from the Heritage Foundation, a conservative think tank.

The Heritage study found the Waxman-Markey bill would cost the economy $161 billion in 2020, which is $1,870 for a family of four. As the bill’s restrictions kick in, that number rises to $6,800 for a family of four by 2035.

The Heritage authors also note that costs would vary by region. States more dependent on coal and oil, for instance would shoulder a heavy load.

MidAmerican Energy Co., Iowa’s largest utility, has been running a barrage of newspaper and television ads saying Waxman-Markey would boost household utility bills by at least 25 percent. MidAmerican operates large coal-fired power plants at Port Neal, just south of Sioux City.

King’s cap and trade forum too late to influence House vote

Friday, June 26th, 2009

Journal political blogger Bret Hayworth reports that Iowa Fifth District Congressman Steve King has scheduled a public forum on so-called cap and trade legislation on July 6 at Western Iowa Tech Community College.

At first glance that sounds like a good idea, allowing King to gather advice from a panel of experts and input from audience members before casting his vote on the controversial issue. The only problem is the House is voting TODAY on the climate control legislation.

Holding a forum 10 days after the fact give the public zero chance of influencing the outcome of the House vote. If anything, it appear that King’s event is designed to shape the debate after the House bill moves to the Senate, where the chances of passage this year are less certain. King is a representative, not a senator.

Today’s Business: Cap and trade authors bid for farm support

Friday, June 26th, 2009

Majority Democrats are crossing their fingers as the U.S. House today votes on a controversial climate control bill, ”“Close win predicted for cap and trade”

Most, if not all, Republicans and some moderate Democrats are expected to vote against the 1,200-page bill, commonly known as cap and trade because it would cap carbon emissions and set up an open market to trade credits permitting emissions.

Negotiators made last-minute changes to entice state legislators from states like Iowa, Nebraska, South Dakota and Minnesota, “Energy bill compromise aims at farm states.”

The bill’s authors agreed to a compromise that will delay proposed federal regulations that would factor in land-use changes in implementing biofuel mandates. Farm groups say the new rules will hurt the biofuels industry.

Backers said the bill, designed to reduce emissions to 17 percent below 2005 levels by 2020, would move the country away from fossil-based fuels and toward renewable energy, creating new “green” jobs and slowing climate change.

Opponents, which refer to the bill as “cap and tax,” predict it would impose huge new costs on consumers and drive jobs to countries where emissions are still unregulated and free.

What will the Obama EPA do about ethanol?

Monday, May 4th, 2009

The Obama administration, vowing to reducing greenhouse gases, faces a choice: Is ethanol part of the solution or the problem, Ethanol test for Obama on climate change, science

Ethanol, of course, is a huge industry in Siouxland, with more than two dozen plants employing hundreds of workers and creating an added market for corn grown by area farmers.

The Associated Press reports the Environmental Protection Agency is close to proposing ethanol standards. A battle is shaping up over environmentalists, who say citing the agency must factor in not only the “direct, heat-trapping pollution from ethanol and its production, but also “indirect” impacts on global warming from worldwide changes in land use, including climate-threatening deforestation, as land is cleared to plant corn or other ethanol crops.” (more…)