Action on carbon is down the drain
Financial Times
26th July 2010
The Democratic leadership in the US Senate has suspended efforts to pass a climate change bill. It abandoned not only its planned comprehensive cap-and-trade measure, similar to one already passed by the House of Representatives, but also a more modest bill aimed at electric utilities. The Senate will most likely pass an energy bill of some sort, but this will barely even pretend to make progress on curbing greenhouse gas emissions.