Senate panel faces partisan climate [hoax] war - Lisa Lerer - POLITICO.com

The Republican leadership sees cap and trade as an issue that could severely hurt Democratic chances in the midterm elections and they’re pressuring their members to vote against the bill to keep their caucus as united as possible.
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I had a partner in John Warner but I have nobody else,” said Boxer. “These Republicans on this committee are really more of the party of no. They are not interested in tackling this problem at all.”

All seven Republicans on the committee met late Thursday night on the Senate floor and agreed to boycott the mark-up hearing.

N.Y. Sen. Kirsten Gillibrand [envisions carbon derivatives trading]

[Q] How are you working to persuade your Senate colleagues to support the creation of a carbon market involving many financial instruments?

[A] I’m very concerned that we make sure we have a robust financial market that will fuel investments in carbon reductions. I think it’s very important that we have proper oversight and accountability, good regulations that provide transparency, and also capital requirements. I think this kind of regulation will be a derivative market that will be regulated through the [Commodity Futures Trading Commission], and I think it’s critical that we regulate this alongside the other derivatives legislation that we are going to do.

Flashback: Senate May Ban Carbon Derivatives Trading: Kerry

Law360, New York (July 30, 2009) -- Sen. John Kerry, D-Mass. — who is helping to draw up climate change legislation in the U.S. Senate — said Wednesday that no carbon derivatives trading would be allowed, although he later backtracked slightly from that comment.

“There will be no derivatives; there will be no credit swaps,” Kerry said during a speech at the National Press Club. “This will be a completely open, transparent market.”

YouTube - Glenn Beck : Lord Christopher Monckton World Government p1 10.30.09