As seen at Insurance Journal:
Potential presidential rivals Republican Sen. John McCain and Democratic Sen. Barack Obama are joining with newly independent Sen. Joe Lieberman on a plan they say would reduce global-warming gases by two-thirds over the next four decades.
Their bill, being announced Friday, is intended to cut the heat-trapping emissions by 2 percent a year through midcentury. It is sure to produce a contentious debate on climate control in the new Democratic-run Congress and draw strong opposition from the White House and industry.
Sens. McCain, Obama and Lieberman are specifying mandatory caps on greenhouse emissions for power plants, industry and oil refineries. Their plan would require releases of heat-trapping gases to return to 2004 levels by 2012 and to 1990 levels by 2020.
All I can say is that it’s about d*mn time….although I’ll be shocked if anything meaningful passes and survives a veto.
While I agree with Bush’s assessment that Kyoto was flawed due to essentially granting developing countries, including India and China, more-or-less free reign, the correct response was not to do nothing.
It’ll also be interesting to see what snarkishness Lieberman’s critics in Connecticut can issue on the subject.