Obama Calls for Energy Reform—But Doesn’t Mention a Carbon Cap

Time by Bryan Walsh | Jun. 15, 2010 (Opinion)

It may be time to bury cap-and-trade.

And if Obama is really serious about changing some of the insane parts of our energy policy—like the fact that we spend less than $5 billion on energy R&D a year, a number that Bill Gates wants to triple—he could be truly revolutionary. There's evidence that cap-and-trade may not even be the best way to shift from fossil fuels—and it's certainly not an easy political sell any longer. But even though the votes don't seem to be there, if there were ... Full Story »

Posted by Dwight Rousu

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Related Comments: Climate Change (9) | Obama Administration (3)

3.5

by Jon Mitchell - Jun. 20, 2010

I could have done without the book report-style summary of the speech, but I guess that's why I don't typically read Time. It's true, though, that Obama's omission of Cap & Trade is newsworthy, so I'm glad it got mentioned here.

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4.0

by Sirajul Islam - Jun. 20, 2010

Good coverage by Time on the cap-and-trade issue. It provide evidence that cap-and-trade may not even be the best way to shift from fossil fuels for America, and it's certainly not an easy political sell any longer.

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3.3

by Dwight Rousu - Jun. 15, 2010

Walsh identifies an omission that is notable in retrospect. It may or may not mean as much as he imputes.

Cantwell's cap and dividend is a much better idea for attacking carbon fuel dependence. More notable omissions included no mention of enforcing the per barrel civil penalties already in law, and trade policies that let foreign corporations skirt our laws (and taxes).

Dwight posted this story.

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3.6

by Fabrice Florin - Jun. 17, 2010

Obama signals need for new energy agenda - 5 Reviews » ... More »

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3.8

by Kaizar Campwala - Jun. 17, 2010

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3.6

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