Legislators Framing Climate Bills Hold Energy Stock - WSJ.com

As Congress moves ahead with climate-change legislation touching almost every corner of the energy industry, a number of lawmakers shaping the debate have investments in companies that would be affected by the results.

Farm Belt Lawmakers Challenge Climate [Fraud] Bill - WSJ.com

WASHINGTON -- The chairman of the House Agriculture Committee said Tuesday that Farm Belt lawmakers are in "a big revolt" over the leading congressional proposal to curb greenhouse-gas emissions.

Rep. Collin Peterson (D., Minn.) said he and Farm Belt colleagues want the measure overhauled to soften the impact on areas of the country, such as the Midwest, that rely heavily on cheap, coal-burning power plants. He also challenged the White House's latest climate warnings, saying farmers in his district would welcome warmer temperatures after a recent cold spell.

"It looks to us they made a deal on the two coasts with the big guys and didn't think about us...the farms, the Midwest," Mr. Peterson said, referring to the bill's leading authors, Reps. Henry Waxman (D., Calif.) and Edward Markey (D., Mass.).
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Mr. Peterson's comments also suggest that Democratic leaders are at odds not only over how to curb emissions, but also over the urgency of doing so.
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But Mr. Peterson, when asked by reporters Tuesday about the report's findings, said they run counter to what many in his region are experiencing.

"We've just had the biggest floods and coldest winters we've ever had," he said. "They're saying to us [that climate change is] going to be a big problem because it's going to be warmer than it usually is; my farmers are going to say that's a good thing since they'll be able to grow more corn."

He added that the measure proposed by Messrs. Waxman and Markey would penalize farmers in the Midwest who rely on coal-burning electric cooperatives.