US Senate defeats amendment mandating cuts in greenhouse gasses
Washington (Platts)--22Jun2005
The Senate Wednesday rejected by a vote of 60-38 a proposed amendment to energy legislation that would have mandated a reduction in US greenhouse gas emissions to 2000 levels by 2010. The amendment was offered by senators John McCain (Republican-Arizona) and Joe Lieberman (Democrat-Connecticut). The Senate's rejection came a day after it approved an amendment offered by Sen. Chuck Hagel (Republican-Nebraska) that would provide incentives for the development and deployment of technologies to reduce greenhouse gas emissions but does not require mandatory reductions. The Bush Administration supports development of emission reduction technologies and is adamantly opposed to mandated reductions, and the Senate's votes for the Hagel amendment and against McCain-Lieberman mirrors the Administration's position. Senators opposing McCain-Lieberman argued that the science regarding man-made contributions to global warming is inconclusive. Opponents of McCain-Lieberman also contend that given the scientific uncertainty, it is premature to enact mandatory limits on greenhouse gas emissions because it would damage a US economy very dependent on fossil fuel consumption. McCain, Lieberman and their supporters contend that climate change is real and the science argues strongly for immediate action to reduce emissions. Any proposal that does not require a reduction in emissions is a "phony," Lieberman told the Senate. While reducing emissions would have an impact on the US economy, supporters of McCain-Lieberman say the cost can be mitigated and believe the economic cost of doing nothing or delaying efforts to reduce emissions would be much greater. This story was originally published in Platts Global Alert http://www.globalalert.platts.com
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