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Transportation Nation

Senate Energy Reform Gets Even Smaller

Thursday, July 22, 2010

(Todd Zwillich, Transportation Nation) The slimmed-down energy bill we've been forecasting for the Senate floor next week will be even slimmer than expected.

The Hill newspaper is quoting Senate Democratic aides who say that the energy bill will leave off any attempt set a price for carbon. Instead, Senate Majority Leader Harry Reid (D-Nev.) will go with an even narrower package, regulating BP and other oil drillers as well as promoting green energy production and fuel-efficient vehicles.

Supporters of a cap-and-trade approach to regulating greenhouse gases had floated the idea of applying the scheme to utilities alone in recent weeks. That approach might have been politically more palatable to a Senate that is wary of slowing down the economy with new energy mandates. Now it seems even the less ambitious carbon policy is off the table until next year.

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