Congressional round-up: House Energy Chair John Dingell (D-Mich.) told E&E Daily this week that passing a global warming bill this election year is “on the verge of impossible.” With all House seats up, the election will be a “terrible distraction,” said the octogenarian, who will take the lead in drafting a House cap-and-trade bill. He indicated he is likely to include pre-emption of stronger state legislation. Rep. Rick Boucher (D-Va.) chair of the Energy and Air Quality subcommittee, said cap-and-trade will produce new jobs, spur new technology and produce a flood of exports. Ranking minority subcommittee member Rep. Fred Upton (R-Mich.), however, sees a loss of jobs and costs to the economy. (Source: E&E News PM)
Stimulus package not likely place for renewable credits
With the expiration of tax incentives looming for solar, wind and other renewable energy, trade groups and environmental organizations see an opportunity for inclusion in an economy stimulus package. But Senate Finance Chair Max Baucus said this week that is unlikely. He agrees the incentives need to be extended, or investment and renewable energy projects will slow down, but sees it in a separate package of bills. Senate Energy Chair Jeff Bingaman (D-N.M.) said the credits need to be extended soon, but that the stimulus package is not the best vehicle. (Source: E&E News PM)
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