Monday, June 22, 2009

EU carbon slips 2 percent on wider economy | Markets | Reuters
Australian plans for a cap and trade scheme faced certain defeat this week, before the end of the present senate sitting, to be revisited after the recess or next year.
Scientists Say Global Warming Will Cause Weaker Cocktails - Con Chapman - Open Salon
The unanticipated side effect of global warming that has this summer community on edge is the prospect that summer drinks will be irreparably weakened by melting ice, a casualty every bit as serious as the shrinking arctic ice cap surface that has polar bears treading water until developed nations switch to hybrids cars.
In the House, It's Peterson vs. Climate Bill - WSJ.com
An accountant by training with a well-creased face and a fondness for cowboy boots, Mr. Peterson shows little enthusiasm for passing climate legislation. After the administration released a report last week by government scientists warning of increased heat, pests, water shortages, disease and other impacts of climate change on crop and livestock production, Mr. Peterson laughed and said farmers in his district would welcome warmer temperatures after a recent cold spell.
Texas on the Potomac: The Week Ahead: Chaos on Capitol Hill
Congress departs at the end of this week for the Independence Day recess and will return July 6, likely having postponed action on health care and energy-global warming legislation. President Barack Obama and congressional leaders hope to have the measures approved by one or both legislative chambers before the beginning of the month-long August recess, but the delays are making the deadline more difficult to achieve.

Developments in Afghanistan and Iran demand attention and difficulty. President Obama's approval has slipped a couple of points to under 60 percent at a time when popular support and industry fear are needed to help muscle his agenda through Congress.

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