Monday, February 26, 2007

More States Take Lead on Climate Change

Yep, State Officials are closer to getting their heads lopped off.

We, the people, have been mislead on so many different, but vital, issues, over the last 25 years, there should be heads rolling, so to speak!

Recasts, adds statements from more governors, details on bi-coastal greenhouse gas markets

By Timothy Gardner


NEW YORK, Feb 26 (Reuters) - Five Western U.S. states have formed the latest regional pact to bypass the Bush administration to cut emissions linked to global warming through market mechanisms.

The Western Regional Climate Action Initiative requires Oregon, California, Washington, New Mexico and Arizona to develop a regional target in six months for reducing greenhouse emissions according to statements from the states' governors.

Reuters Pictures

During the next 18 months, the states will devise a market-based plan, such as a load-based cap-and-trade program, to reach the target. They also have agreed to participate in a multi-state registry to track and manage greenhouse gas emissions in their region.
More politicians and corporations have been pressuring the federal government to join most of the world's other developed countries in regulating the gases most scientists blame for global warming.

Several eastern U.S. states have signed a similar agreement called the Regional Greenhouse Gas Initiative. Utility TXU Corp. (TXU.N: Quote, Profile, Research) on Monday scrapped plans to build eight of 11 new coal-fired power units in Texas as part of a buyout by private equity firms.
Bicoastal regional greenhouse pacts could force U.S. smokestack and transportation businesses to lobby more intensely for a national greenhouse plan, rather than face patchwork local regulations, said Jeremiah Baumann, an advocate with the Oregon State Public Interest Research Group. Continued...


....and the truth shall set us free

No comments: