Senate weighs final push to move climate [hoax] bill | Reuters
For Wall Street, the Senate has the power to make or break the start-up of what eventually could be a $1 trillion market for power plant, oil refinery and factory pollution permits traded on a regulated exchange.Factbox: Key 2010 dates for climate debate | Reuters
Congressional elections will be held on November 2 and there is wide agreement that if the Senate cannot pass a climate bill by mid-year, already hard-edged political partisanship will become hyperactive, making it nearly impossible for Congress to move on much of anything.
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SKEPTICISM ABOUNDS
There is plenty of skepticism about whether Kerry, who is spearheading the effort, can pull off passage of such a difficult bill in an election year since the bill would increase future energy prices. But supporters are not giving up as they draw parallels to the last major environmental fight.
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Republican Senator James Inhofe, a leading critic, said the U.N. Intergovernmental Panel on Climate Change had fallen victim to "outright fraud" and deceit. It is further evidence Congress should not rush legislation, he has argued.
NOVEMBER 2Recent cold costly for government | Florida
Election Day.
Cracked roads, water pipes among problems created by the cold weather.
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