The New York Times reports today that
ConocoPhillips, Caterpillar Inc. and BP America have left the U.S. Climate Action Partnership, a coalition of more than two-dozen companies and environmental groups lobbying Congress to pass greenhouse gas emissions cap-and-trade legislation.
One of the reasons appears to be a failure to advocate for a larger role for natural gas use, and in opposition to alleged preferences for coal. I wonder whether it is also a recognition that the public support for climate change legislation is extremely low, and it's possible to stop supporting cap and trade without suffering public relations problems.
Thanks to the Vorys, Sater firm for this lead from their E&E Law Blog
Thursday, February 18, 2010
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