Monday, June 9, 2008
The incredibly fast demise of the Warner-Lieberman bill is cold reminder of political reality. It is not just a reminder of the sway of corporate interests but also how determinative short term interests of the electorate are as well. It is not so easy to sugar coat the bitter pill of the costs of reducing carbon output – the cost of energy can only go up – a hard sell given the recent rate of increase of the cost of oil. Even though both presidential candidates seem to support serious climate legislation, one has to wonder what the make up of the Congress will need to be for it to get pushed through.