With White House Drilling Announcement, Cap-and-Trade Officially Dies - The Gaggle Blog - Newsweek.com

After a long and bumpy past, it’s now clear that cap-and-trade has gone from the gurney to the morgue. The stark admission came this morning during a CNBC interview with Interior Secretary Ken Salazar. "I think the term 'cap-and-trade' is not in the lexicon anymore," he said, suggesting that more agreeable goals, like slowing pollution and reducing oil imports, were more in the scope of the administration. Instead, the White House signaled it would be moving in a slightly different direction by opening parts of the Virginia coast and northern Alaska to offshore drilling.