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4/05/2003 02:20:00 PM | Brad Plumer New energy legislation moving through Congress The House is stitching together their big new energy bill, possibly throwing it down for a floor vote as early as next week. CNN has the view from the House: The Resource panel passed a series of financial incentives aimed at spurring production of oil, natural gas and coal.Read the whole article (and anyone interested can read the actual text here). The bill's also chock full of deregulation, drilling in Alaska and contaminated drinking water. The betting odds are that the House Democrats (who were spineless about tax cuts) will get bulldozed on just about everything. On then, to the Senate. The Finance Committee is preparing a $16 billion tax incentive package to subsidize those good folks in pursuit of alternative energy sources (read about the bill here). The Senate still has yet to draft its energy legislation, though the Washington Post noted today that Alaska drilling will not even come up for consideration, as the Democrats have threatened to filibuster the plan. The upside is that, well, there will be no drilling in Alaska (for now, at least). The downside? Democrats like Lieberman, Kerry and Edwards, all loud opponents of the ANWR Plan, can now compromise with the Republicans on other, more crucial parts of the bill and still pretend to be eco-friendly on the campaign trail in 2004. Sen Domenici's (R-NM) snide prediction will, alas, probably prove correct: There will be a debate about automobile fuel economy, [Domenici] predicted, adding that Democrats aspiring to be president will "stumble over each other trying to get" more stringent automobile fuel economic requirements into the bill. Kerry and Lieberman led that charge last year, but failed.Smile for the camera boys. And meanwhile nothing gets done... Update: Matt Bivens over at The Nation also comments on the House Bill. He has a few links to Public Citizen, but they haven't really examined the bill in detail yet. Although for the record, here is what President Joan Claybrook had to say about last year's Senate energy bill. perma link |
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