Monday, May 07, 2007

All aboard the gravey train

I noticed this in the BOMA Newsletter [Building Owners and Managers Association]. This is going to be a very high priced ticket to nowhere:
    "Whether or not you trust in the science of global warming and mankind's ability to reverse it, policymakers from both political parties at all levels of government are looking at how to "green" their communities and reduce carbon footprints.

    Early in the 110th Congress, Speaker of the House Nancy Pelosi (D-CA) made it clear that the issue of global warming would be a legislative priority. "Scientific evidence suggests that, to prevent the most severe effects of global warming, we will need to cut global greenhouse-gas emissions roughly in half from today's levels by 2050," Pelosi stated in her opening remarks at a February hearing of the House Science and Technology Committee. Speaker Pelosi went on to say that the committees with jurisdiction over energy, environment, and technology policy have been asked to report legislation on these issues by June in hopes of having "legislation that will be a starting point on global warming and energy independence through the committees by July 4 so that, this year, Independence Day is also Energy Independence Day."

    To accomplish this task, Speaker Pelosi has created a Select Committee on Energy Independence and Global Warming, which will develop policy and strategy recommendations. Already, several bills have been introduced in the House and Senate, and several more are anticipated, including ones by House Energy and Commerce Committee Chair John Dingell (D-MI) and Senator Jeff Bingaman (D-NM), chair of the Senate Energy and Natural Resources Committee.

    One of the issues that BOMA Intl. will closely watch is whether a carbon "cap and trade" program will be included in any legislation that is enacted. This approach, which would cap greenhouse-gas emissions and permit emitters - such as utilities and industrial customers - to trade carbon allowances, is strongly supported by many Democrats in Congress, but not by President Bush. However, support for this type of approach has gained some followers from business. In January, 10 major corporations and four environmental groups came together to form the U.S. Climate Action Partnership (USCAP). The groups, which include DuPont, PG&E, BP America Corp., and the World Resources Institute, are calling for mandatory carbon reductions from major emitters, including commercial buildings."

Note: that is "grave" as in tomb, not the sauce.

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