The Center for American Progress Action Fund published an article this week highlighting the millions that energy and utility companies have spent lobbying Congress.
The article contends that this downpour of money into Washington — half of a billion dollars since 2008 — has been the key factor in stalling climate action by Congress.
The chart above shows that the top fossil fuel industries and electric power companies have spent heavily in Washington. What their lobbyists have been saying is not revealed in the dollar amounts, but CAPAF report outlines how most of these companies are on the record as opposing climate legislation, fees for carbon pollution and EPA regulation of greenhouse gases.
More fossil fuel heartache or a clean energy future? That question on many minds as the the BP oil spill spirals out of control in the Gulf of Mexico.
And the answer is easy, according to a newly revised Greenpeace International report. It has concluded that moving aggressively toward clean energy would add jobs to the energy sector overall, make energy more affordable, not more costly, stop the pollution and insulate local communities from wild fuel price fluctuations.
By Julie Bonnin
The U.S. energy policy may be in flux and economic uncertainty at an all time high but a “cap and trade” policy on greenhouse gas emissions in the U.S. is likely to be a major initiative not long after the upcoming presidential election.
While emissions offset trading is active in Europe and Asia, and some voluntary trading has begun in the U.S., American energy corporations are anticipating tougher emission reduction regulations and a corresponding need for traders, lawyers and other business people to work within the system as it evolves.
Thus far no one’s come out with “Carbon Trading for Dummies.” But the University of Houston, through a joint program of the C. T. Bauer College of Business and UH Law Center, will offer what is thought to be the country’s first comprehensive carbon trading course in spring of 2009.