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    The Senate Cloakroom: Nov. 2 – 6

    Analysis – An extension of unemployment insurance benefits will occupy the Senate for most of the week, again. Not only is this the wrong way to address the lack of jobs, but Senate Majority Leader Harry Reid (D-NV) has numerous amendments, including those that may actually spur job creation. Shutting … More

    The Verdict's In: Cap and Trade Will Not Work

    Over the summer The Washington Post called Europe’s experience with cap and trade as “Exhibit A” of what not to do on climate. Yesterday, the Competitive Enterprise Institute’s Iain Murray brought evidence to the jury – that jury being Senate Environment & Public Works Committee. Murray detailed the failures of … More

    Today's Calamity: Senate Concerns on Cap and Trade Cannot Be Fixed

    Senate Finance Chairman Max Baucus made headlines this week for something other than healthcare. On October 27 Senator Baucus said he has “serious reservations” about the cap and trade bill, especially the increased near-term target of 20 percent carbon dioxide reduction below 2005 levels by 2020 – up from 17 … More

    Climate Chains Shows How Cap and Trade Puts our Economy in Shackles

    Our friends at the Oregon-based Cascade Policy Institute produced a 22-minute documentary on global warming. Appropriately titled, Climate Chains, the movie discusses how cap and trade legislation to reduce greenhouse gas emissions will raise energy prices, reduce our standard of living, have no net environmental impact and reduce our economic … More

    EPA’s Economic Analysis of the Boxer-Kerry Cap and Trade Bill

    “Second verse same as the first, a little bit louder and a little bit worse.” This is the basic theme of the EPA’s analysis of the shrouded Boxer-Kerry Bill (S. 1733). Given just 12 days to analyze the Boxer-Kerry climate bill (that others were not allowed to review), the EPA … More

    Today’s Calamity: A Call for Transparency

    As you read this, the Environmental Protection Agency is modeling the economic impacts of a semi-draft form of the Boxer-Kerry cap and trade legislation. “Environment and Public Works Chairwoman Barbara Boxer said a bill EPA is analyzing should be marked up in her panel by the second week in November. … More

    When Environmental Activism Does More Harm Than Good

    Last night Heritage hosted the world premiere of “Not Evil Just Wrong,” a feature-length documentary that reveals the true cost of global warming hysteria and the unintended consequences of radical environmental policies that have been going on for decades. The film was broadcast live on Ustream.tv and screened at 6,000 … More

    Public Still Not Sure What Cap and Trade Is, but They Will If It Passes

    Maybe John Kerry and President Obama and proponents of a cap and trade system to reduce greenhouse gas emissions still have time to change message. “I don’t know what ‘cap and trade’ means. I don’t think the average American does,’ Kerry said recently. And he’s right. According to a new … More

    The Costs of Cap and Trade and The Costs of Doing Nothing

    The economic losses from carbon emissions cap-and-trade policies are often compared with “the cost of doing nothing.” CBO director Doug Elmendorf in his testimony to the Senate Energy and Natural Resources Committee labels these costs as nonmarket impacts. These include effects of human health, loss of species’ habitats, and other … More

    CBO Director: There are Costs Involved with Cap and Trade

    Congressional Budget Office Director Douglas Elmendorf testified on October 14 before the Senate Committee on Energy and Natural Resources to discuss the economic effects of reducing greenhouse gas emissions and the effects – most notably the effects of the Waxman-Markey cap and trade legislation. Although Elmendorf felt that Waxman-Markey could … More