Is a Cap-and-Trade Bill Finally Down for the Count?

Other than maybe Jason in Friday the 13th, nothing has supposedly died and come back to life more often than climate legislation and carbon cap-and-trade. A year ago, thanks in part to fierce opposition from business interests led by the Chamber of Commerce, the cap-and-trade bill cosponsored by Henry Waxman and Edward Markey just barely passed the House of Representatives, 219 to 212. As Eric Pooley writes in his great new book The Climate War, House Speaker Nancy Pelosi had to wield a mean whip to get her members in line for the vote. (Just eight Republicans voted for Waxman-Markey, and 44 Democrats opposed it.)

Read more: http://ecocentric.blogs.time.com/2010/06/29/hope-seems-to-dim-for-cap-and-trade/?xid=rss-topstories#ixzz0sXaCngV9