Emissions Down With the Economy

  • The Energy Information Administration projects that in 2009 we'll cut our greenhouse gas emissions by 5%. (Photo courtesy of the US EPA)

The recession doesn’t have a lot of upsides,
but there is an environmental silver lining.
Carbon dioxide emissions are down. But,
as Tamara Keith reports,
greenhouse gas emissions are expected to
rise as the economy improves:

Transcript

The recession doesn’t have a lot of upsides,
but there is an environmental silver lining.
Carbon dioxide emissions are down. But,
as Tamara Keith reports,
greenhouse gas emissions are expected to
rise as the economy improves:

The Energy Information Administration projects that in 2009 we’ll cut our greenhouse gas emissions by 5%. Emissions were down in 2008 too.

Elias Johnson is an energy analyst. He says the economy is expected to pick up next year. That means coal, natural gas and petroleum use will pick up too.

“It’s not all going to happen at one time, so that will be gradual. And then visvis the emissions from that energy consumption will probably increase gradually.”

In 2010, Johnson says emissions are projected to rise 0.7%. Not much, really. And emissions will still be lower than they were when the economy was booming.

“For one thing, the economic activity is not going to be getting back to those levels.”

For The Environment Report, I’m Tamara Keith.

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Tax Incentives Put Solar Within Reach

  • Eric Lindstrom, Vice President of Cannon Design, stands next to the building's 140 new solar panels (Photo by Joyce Kryszak)

Buying a solar system for your home still is not as simple or inexpensive as say picking up a new water heater. But solar energy advocates argue that the systems are affordable and obtainable for just about everyone – right now. Joyce Kryszak checked out that claim:

Transcript

Buying a solar system for your home still is not as simple or inexpensive as say picking up a new water heater. But solar energy advocates argue that the systems are affordable and obtainable for just about everyone – right now. Joyce Kryszak checked out that claim:

You might say that sunlight is a trade mark for Cannon Design. The Western New York based firm designs some of the most solar friendly buildings in the world. But only now is Cannon using the sun for its own building.

Eric Lindstrom is Vice President of the company. He says it’s what their environmentally savvy clients expect.

“You know there’s a huge P.R. factor here that we can bring our clients in and say, you know, this is what we’re recommending to you, but we’ve done it ourselves and it works. That we didn’t just read it in a magazine somewhere and say this is what you should be doing.”

Lindstrom takes us up on the roof of the company’s building to have a look at the new system.

Up here we find solar panels. 140 of them. They’re stretched out from edge to edge, soaking up the rays.

Lindstrom says they generate about 5% of the energy the building needs. But he says even at that small percentage the company will recoup the roughly $17,000 investment in about three years.

The system’s total price tag is actually about $170,000. But Cannon Design got corporate tax credits and incentives that covered roughly 90%. After the pay-back period, Linstrom says the company will actually pocket money.

Back in the building they can watch the savings add up on the inverter meters inside. That got Lindstrom thinking. He got a bid on a system for his home. He’s decided against it for now because the payback would take about eight years. You see, businesses get more tax breaks than homeowners.

But some people say the payback time can be less. And sometimes it just doesn’t’ matter to them.

Joan Bozer was at the American Solar Energy Society Conference held in Buffalo, New York. Bozer was showing off pictures of her home’s $30,000 solar system. It cost her half that after incentives. The payback will take a while—about eight years. But Bozer says that’s okay.

“Because it doesn’t make any difference to me if it’s five years or ten years what the payback period is. I want the solar panels, like people in their house they put on the roof they want, or they put on what they want and this is what we want – solar panels on the roof. That’s how we want to do it.”

But as green-minded as she is, Bozer admits that federal and state incentives gave her the final push.

While everybody can take advantage of recent federal tax credits, state incentives vary. Some are generous, and some offer homeowners nothing. Some local governments are offering low-interest loans on top of the federal and state incentives.

Neal Lurie is with the Solar Society. Lurie says incentives are creating demand and that’s driving down the cost of solar systems.
He says systems cost about 30% less than last year.

Lurie says with lower prices and tax incentives, some homeowners can have solar without much – or no – money out of pocket.

But how soon will solar catch on with the masses? Lurie predicts in less than six years.

“We’ll see solar technology a low-cost provider of electricity, even lower priced than fossil fuels without incentives. I think that when that happens we’re going to see it go from being something that people are looking at and starting to do to something that is truly common-place, much more than people may actually expect today.”

Others think solar will really take off in just three years. Solar installers are already gearing up. Some say they’ll double their workforce by the end of this year.

For The Environment Report – I’m Joyce Kryszak.

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Cap-And-Trade Confusion

  • Under cap-and-trade, if a business can cut emissions faster, you can trade emission credits - for a price - to a business that can’t. (Photo courtesy of the US EPA)

Congress is debating a cap-and-
trade plan to reduce greenhouse
gas emissions. But a recent poll
determined most people don’t know
what cap-and-trade means. Lester
Graham reports:

Transcript

Congress is debating a cap-and-
trade plan to reduce greenhouse
gas emissions. But a recent poll
determined most people don’t know
what cap-and-trade means. Lester
Graham reports:

A poll by Rasmussen found 76% of Americans don’t know what cap-and-trade is.

Person 1: “Putting a price cap on something?”

Person 2: “Cap and trade? I have no idea.”

Person 3: “Captain Trade? I never heard of him.”

Here’s the simple version: cap greenhouse gases. The government will lower that cap over time.

Cut emissions faster, you can trade emission credits – for a price – to a business that can’t.

Overall, it’ll make fossil fuels more expensive, clean energy cheaper.

Democratic leaders in the House have agreed on a cap-and-trade plan. Republicans – and some Democrats – hate the plan. They think it’ll cost the economy too much.

The House will likely pass it. But Darren Samuelsohn with GreenWire says President Obama will have to push for it in the Senate.

“He could probably twist some arms and make some votes go his way if he really wanted it.”

And, even then, CAP and TRADE will likely only squeak through.

For The Environment Report, I’m Lester Graham.

Related Links

Businesses Save Money by Reducing Waste

  • The lot that started Baldassari's quest to eliminate waste from his business. (Photo by Nancy Paladino of The Taylor Companies)

When you’re in the business of making things, you can wind
up with a lot of waste material. But these days more
companies are realizing trash has value. Julie Grant reports
instead of spending big bucks to dump their waste in a
landfill, these companies are making money from it:

Transcript

When you’re in the business of making things, you can wind
up with a lot of waste material. But these days more
companies are realizing trash has value. Julie Grant reports
instead of spending big bucks to dump their waste in a
landfill, these companies are making money from it:

Jeff Baldassari’s company makes sleek, upscale office
furniture.

“I would have never guessed ten years ago I’d
be the guy telling you this story right now.”

Baldassari is the CEO of The Taylor Companies.

A few years ago he started planning for a new factory. The
site where they wanted to build it was an old brownfield.

That’s a site that had been contaminated by a past
manufacturer.

Baldassari says they got grant money to clean up the land,
and it got them thinking about the environment – really for the
first time.

“‘Okay we cleaned up this brownfield – but
let’s not stop there. What else can we do for
the environment, what else can we do for our
bottom line to pay for this new facility, to
get it to pay for itself?’”

They started looking at their waste.

(sound of a factory)

On the factory floor, a worker is tracing the shape of a chair
leg onto a piece of wood. After it’s cut, the scrap wood is
tossed into a large box.

“Trees don’t grow in the shape of furniture
parts. So there is a lot of waste. Ultimately,
40% of each board ends up as scrap when it’s
all said and done – 30% to 40% will end up as
scrap.”

Baldassari says they used to pay to send all that scrap wood
to the landfill – along with huge dumpsters full of sawdust.
That cost the company.

But his team started making some calls. They found horse
farms that wanted sawdust for bedding. They found
companies that wanted wood chips for mulch.

Instead paying to have dumpsters of waste hauled away,
they found markets for the waste material.

It was the same deal with leather coverings for the chairs
and sofas. One-fourth of the leather used to end up in the
scrap heap as trash. Now a hand-bag maker in Montreal
comes to pick it up for purses and wallets.

And Baldassari is pretty happy about it. These days he’s
sending only one-eighth of the waste to the landfill as before.
That saves the company $30,000 dollars a year.

For many companies, this is the future.

Joel Makower says smart corporate leaders are finding ways
to reach zero-waste. Makower is the executive editor of
greenbiz.com.

“We’re starting to see companies think in
terms of closed loop systems. Factories
where basically there may not be any
smokestacks, drain pipes, or dumpsters.
where every waste product is turned into
some kind of raw material for another
process.”

But a lot of these companies are not necessarily cutting
waste because it’s good for the earth. Like Jeff Baldassari,
these corporate leaders often start the process as a way to
save money.

These days Baldassari says he’s the kind businessman he
never guessed he’d be: one who’s always looking for ways
to eliminate waste:

“Once I got started, I literally became
addicted to it. But it was addicted, in the
sense again, it helped our bottom line.”

Baldassari wants it clear: he’s not a tree-hugger. But, at this
point, he’s actually having fun. He’s caught up in finding
ways to save money by eliminating waste.

For The Environment Report, I’m Julie Grant.

Related Links

Cap and Trade Calculations

  • Economists say if a cap and trade plan passes, energy prices will go up no matter what (Photo courtesy of aoc.gov)

President Obama and some leaders in Congress want to take on global warming by cutting back on carbon dioxide. The big plan is called carbon cap and trade. If the plan passes, economists say there’s no doubt your bills will go up, though there’s debate about how much. Mark Brush reports on one of the biggest sticking points in these carbon cap and trade plans:

Transcript

President Obama and some leaders in Congress want to take on global warming by cutting back on carbon dioxide. The big plan is called carbon cap and trade. If the plan passes, economists say there’s no doubt your bills will go up, though there’s debate about how much. Mark Brush reports on one of the biggest sticking points in these carbon cap and trade plans:

Under some of the cap and trade plans, oil and gas companies would have to buy pollution permits.

But these companies want them for free.

They say if they’re forced to pay, they’ll have to pass the cost onto you and me.

But economists say if a cap and trade plan passes, energy prices will go up no matter what.

That’s because things like coal, oil, and natural gas will be restriced.

And they say that’s what drives prices up.

Chad Stone is the Chief Economist for the Center on Budget and Policy Priorities.

He says if pollution permits are bought at an auction, the money can be passed onto you and me. But it’s different if they’re just given away for free.

“If you don’t auction, you don’t have any revenue and consumers only get a hit to their budgets.”

Stone says if the pollution permits are auctioned, you could be getting a check in the mail or a tax credit to help you pay for higher energy bills.

For The Environment Report, I’m Mark Brush.

Related Links

Cleaning Up the Car Wash

  • At the London Road Car Wash, the first blast of soapy water is captured in a pit under the floor and used again. (Photo by Stephanie Hemphill)

Many business leaders are taking a serious look at their environmental impact. Companies from Ikea to Home Depot are following a science-based approach to sustainability called the Natural Step. Stephanie Hemphill visited one small business that’s rethinking its operations:

Transcript

Many business leaders are taking a serious look at their environmental impact. Companies from Ikea to Home Depot are following a science-based approach to sustainability called the Natural Step. Stephanie Hemphill visited one small business that’s rethinking its operations:

You probably wouldn’t think a car wash would be the kind of place that pays attention to the environment. But this one is.

It’s trying to become more sustainable — putting back what it takes away.

“What we’d like to do is, we’d like to be a closed system, a closed loop.”

Frank Nicoletti is the manager of this car wash in Duluth Minnesota.

“That’s the goal of the whole Natural Step is to be closed loop, meaning nothing goes in or out, and you just recycle the whole time. Of course, how feasible it is we don’t know. ”

Nicoletti is trained as a biologist. He’s the kind of guy who spends a lot of time watching the hawks as they migrate across the western tip of Lake Superior. It’s right across the street from the car wash.

His concern about nature is bubbling over into his business.

When a local non-profit group brought in Natural Step experts, Nicoletti and a dozen other business people signed up to learn how ecosystems work, and how they could operate their businesses more sustainably. They started looking over their operations from top to bottom to see how they could make them more earth-friendly.

One big change they’ve made at the car wash is switching to a biodegradable detergent. That’s not required by law, but it’s one of the principles of the Natural Step program — to reduce the use of man-made toxic substances.

“Everything that’s on line here is non-persistent so it breaks down in the environment.”

As cars move through the wash, the first flush of soapy water is captured in a pit the below the floor, and re-used.

The rest of the waste water is treated at the local sewage treatment plant, so grease and oil and other pollutants aren’t going into Lake Superior. Around the country, most car washes send their waste water to treatment plants, and Frank Nicoletti says it’s better for lakes and streams when people use a car wash instead of doing it on the driveway at home.

Here, the used oil from the lube operation is another part of that closed loop.

“We have two special boilers in our basement that actually recycles the oil and heats part of the building as well as heating all of the hot water.”

And the company recycles the cans and bottles they haul out of the cars they wash. They use the money from the recycled trash to give the people who work here a free lunch once a month.

“The amount of trash that comes out of these vehicles is unbelievable. We’re actually putting less trash in the garbage can now that we’re recycling, which is a great thing, and we’re also helping our guys out by giving them lunch once a month on these recycled cans.”

That’s another part of the Natural Step. It says a sustainable business will make sure its employees can meet their needs. And since they started recycling the trash from the cars, a lot of the workers are recycling at home now too.

Frank Nicoletti says he’d like to make the business fit in with nature even more — by rebuilding the roof.

“I’d love to make butterfly garden up there, and that will actually clean the air. Because the butterfly migration and the dragonfly migration through the lakeshore here is just huge. I mean, there are days when the dragonflies are going by, you can see a million — of different species.”

When they’ve finished a year’s worth of training and work, the car wash and the other businesses trying out the Natural Step approach will share their experiences with others in the community.

Frank Nicoletti says it’ll be like a pebble dropped in a pond. There’s no telling how far the ripples will go.

For The Environment Report, I’m Stephanie Hemphill.

Related Links

Serving It Up Green

  • The Duluth Grill is a family-style restaurant that's finding ways to cut down on trash, reduce energy use, and encourage volunteering in the community. The hanging lamps use LED bulbs, for a dramatic reduction in electricity use. (Photo by Stephanie Hemphill)

Some big corporations and some small businesses are taking a serious look at their impact on the environment. Some are using a science-based framework called the Natural Step to try to operate more sustainably. Stephanie Hemphill visited one, and has this report:

Transcript

Some big corporations and some small businesses are taking a serious look at their impact on the environment. Some are using a science-based framework called the Natural Step to try to operate more sustainably. Stephanie Hemphill visited one, and has this report:

The Duluth Grill is a family restaurant. Tom Hanson is the owner here. He says things started changing for the restaurant when he decided he should be offering healthier foods. He says too many of us are gaining too much weight. So he changed the menu, and now he says people can still go out and have a good time without it all going to their waist.

“Whether it’s French fries or fruit or healthy home-made soups, people can be socially engaged eating out but you’re not necessarily sacrificing your eating habits or eating styles.”

His menu offers healthy ethnic meals, gluten-free foods, and teas that claim health benefits.

Once Hanson started thinking about the health and well-being of his customers, he started thinking about the other impacts of his business. He joined a group of about a dozen businesses recruited by a local non-profit to try out the Natural Step approach to sustainability. The Natural Step was developed in Sweden, but it’s being used all over the world.

Restaurant staffers attended training sessions on how ecosystems work, and on what it means to be sustainable.

Manager Jeff Petcoff shows off the new LED lights in the restaurant.


“They produce 12 watts of energy versus 320 watts from the regular light bulbs that we were using prior to this. It’s a little more intimate with dining at night, but we’ve had a positive reaction to that as well.”

The Natural Step program encourages reducing the use of fossil fuels and other resources that have to be mined from the earth. And it calls for not throwing as much garbage into the earth.


In the kitchen, workers separate the trash. There’s a bin for recyclables, one for trash, and one for food scraps. Petcoff says the food waste goes for compost.

“We’ve just made it very easy for our staff to be able to compost and recycle with the bins all over the restaurant.”

The Duluth Grill has reduced its weekly trash pickup, and saved a bunch of money in the process. Owner Tom Hanson says saving money is nice, but part of the Natural Step program calls for not degrading the earth, like by building landfills.

“We don’t live next door to landfill but somebody does, and once you become aware of it, I think, it becomes more compelling to do it.”

And the restaurant encourages its customers to get involved in helping each other. Next to the front door there’s a bin where people can dump their old magazines. A local youth center is recycling them to raise money.

And there’s a bookshelf where people can leave children’s books; it’s part of a community-wide literacy campaign.

One Natural Step principle is about people: a sustainable business operator makes sure the people who work there, and even the suppliers and customers, anyone who has contact with the business, can meet their needs without a big struggle.

Tom Hanson dreams of offering health coverage to all his staff — and maybe someday even child care.

“You could easily consider day care for your staff as being an expense that no small operator could afford. But when you make change little by little, that step could very well enter into our values, and once it becomes one of our values it becomes affordable.”

Many businesses are making these kinds of changes and you might not even be aware of it. But Tom Hanson would say if you’re not sure, ask. You might prompt someone else to do better.


For the Environment Report, I’m Stephanie Hemphill.

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Tesla Motors Shoots for Bigtime

  • Tesla's Roadster Sport - a 2-seat sports car priced at $100,000 (Photo courtesy of Tesla Motors)

If you want a clean electric vehicle to cruise the highway today, you really only have one option – a small, Silicon Valley company named Tesla. Tesla has plans to be a big player in the auto industry, but so far the company has only built a few hundred cars. Dustin Dwyer looks at whether Tesla can make it in one of the toughest industries around:

Transcript

If you want a clean electric vehicle to cruise the highway today, you really only have one option – a small, Silicon Valley company named Tesla. Tesla has plans to be a big player in the auto industry, but so far the company has only built a few hundred cars. Dustin Dwyer looks at whether Tesla can make it in one of the toughest industries around:

If you’re trying to get attention for a new vehicle, a big auto show is one of the best places to get it.

And even this year, as GM and Chrysler hobbled into the Detroit auto show on federal life support, and all carmakers scaled back, there was still a lot of hype.

Here’s GM’s introduction for the Chevy Volt.

“Ladies and gentlemen, the future of automotive transportation has entered the building.”

That’s how the big players make their announcements.

Tesla is not a big player.

CEO Elon Musk made his big announcement in a hotel conference room in front of a bunch of geeky auto analysts.

“A big announcement that I’ve just gotten this morning permission this morning to make is, um” (takes drink)

Here he takes a drink of his water.

“…that Daimler has given us permission to acknowledge that they are the automotive partner that we’re working with.”

That means Tesla is going to help make an electric version of Daimler’s tiny Smart Car.

Musk is not much of a salesman. But maybe he doesn’t have to be. While all the big carmakers are seeing huge sales drops, Musk says Tesla sales keep going up.

“And, well, actually we can’t produce them fast enough and we’re sold out through November of this year.”

Now, Tesla – at most – makes 30 vehicles a week. And its only car, a sporty roadster, sells for more than $100,000.

A company like GM sells thousands of cars a week, and people who aren’t movie stars can actually afford some of them.

But Musk says he wants Tesla to be more than just a small time player.

So now the company is working on a four-door sedan that will sell for about $50,000 – still pricey for most of us, but half the price of its two-seat roadster.

Here’s the thing though, right now, Tesla has the electric vehicle market all to itself. But all the big companies are working on their own electric cars.

So when Tesla comes out with its four-door sedan, the competition will be much tougher.

Michael Robinet is an auto industry analyst with the firm CSM Worldwide. He says Tesla’s small size is a problem.

“Economies of scale is one of the main drivers of this industry to get cost out of the vehicle and be competitive. And that’s where the major vehicle manufacturers are going to have a leg up in the future.”

Some who follow the auto industry think Tesla’s future could be as more of a partner to existing companies, like what Tesla is doing with Daimler.

But Elon Musk insists Tesla will continue to make its own cars. And it can succeed.

“You go through sort of stages of denial, I guess. You know, when we first said we’d make this car, people said you can’t make this car. It’s not going to work, the technology’s not going to work, and even if the technology works, nobody’s gonna buy the damn thing. And we’ve shown, hey, we can make the technology work and people really want to buy it. So, okay, then they go to the next stage, ‘Oh, well, sure, okay, people will buy that car, but they won’t buy a sedan.’”

Tesla plans to unveil the new sedan later this month (March 26). The car is expected to go on sale in 2011.

In the meantime, Tesla has not been completely immune to all the problems facing the auto industry. Tesla had trouble raising money last year to finance the new sedan. So it turned to the federal government for a 350 million dollar loan.

At least in that one sense, Tesla is already acting like a major player.

For The Environment Report, I’m Dustin Dwyer.

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Jobs Versus Environment Debate

Congress will soon debate a carbon-cap-and-trade program. Lester Graham reports that debate will renew arguments about jobs versus the environment:

Transcript

Congress will soon debate a carbon-cap-and-trade program. Lester Graham reports that debate will renew arguments about jobs versus the environment:

This is an old argument with a new twist.

It goes like this. The economy is a mess. We need jobs. So right now we should worry less about the environment and more about jobs.

Putting a price on carbon emissions will gradually make fossil fuels like coal more expensive to burn.

That will cost big corporations that use a lot of energy. Opponents of cap-and-trade say it’s a job-killer.

But at the same time, carbon-cap-and-trade will make solar and wind more attractive. And that could create green collar jobs.

Environmental activists such as the Environmental Defense Fund’s Tony Kreindler say that won’t stop the critics.

“You’re always going to have defenders of the status quo claiming that it’s going to be economic ruin.”

But, a growing number of business leaders see carbon-cap-and-trade as a way to invest in an energy future that pollutes less and makes the U.S. more energy independent.

For The Environment Report, I’m Lester Graham.

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Interview: Making Greenhouse Gases a Commodity

  • (Photo courtesy of the EPA)

We can expect Congress will take up a carbon

cap-and-trade bill soon. That would make

greenhouse gases a commodity. The United

States Climate Action Partnership wants to

know the rules of the carbon trading game

sooner rather than later. US CAP is made

up of businesses such as GE, automakers,

some power companies and environmental groups.

Other business leaders say a carbon cap-and-trade

program will only increase the cost of everything.

Dan Lashoff is with the Natural Resources Defense

Council, one of the US CAP members.

The Environment Report’s Lester Graham asked him

why the companies in US CAP would want Congress

to come up with a cap-and-trade program now?

Transcript

We can expect Congress will take up a carbon

cap-and-trade bill soon. That would make

greenhouse gases a commodity. The United

States Climate Action Partnership wants to

know the rules of the carbon trading game

sooner rather than later. US CAP is made

up of businesses such as GE, automakers,

some power companies and environmental groups.

Other business leaders say a carbon cap-and-trade

program will only increase the cost of everything.

Dan Lashoff is with the Natural Resources Defense

Council, one of the US CAP members.

The Environment Report’s Lester Graham asked him

why the companies in US CAP would want Congress

to come up with a cap-and-trade program now?

Dan Lashoff: The opportunity that we have, right now, is to, first of all, invest
billions of dollars in the economic stimulus package – which the Congress will be
taking up in the next couple of weeks, that President Obama has made clear he
wants to see a substantial portion of that investment go into clean energy
technologies: insulating homes, building a smart grid to carry renewable energy
around the country. So, there’s an immediate step that needs to take place to
get investment flowing, to jump-start the green energy economy that we need.
That should be quickly followed with the type of comprehensive climate policy
that US CAP has called for, because that will guide longer-term investments, it
will mobilize private capital that is needed to build the clean energy future that we
need to have. And that will put people to work installing wind turbines, installing
solar systems, insulating homes, insulating schools. And keep the investment
flowing, and actually create an export opportunity for companies that are making
clean and efficient energy systems that the world is going to increasingly
demand.

Lester Graham: President Obama has talked a lot about the green economy and
green-collar jobs that you just mentioned, but will those jobs actually offset the
economic pain that a cap-and-trade program is expected to cause?

Lashoff: Well, first of all, you have to realize, if we passed a cap-and-trade bill
tomorrow, the actual limits would not kick in until 2012 at the earliest, and, by that
time, hopefully, the economy is really moving forward. So, what the value of
passing the legislation now is that it sets the long-term agenda, it sets the
strategic agenda that’s going to reduce our emissions, and it mobilizes
investment flows. The actual price signal that is needed to discourage global
warming pollution actually wouldn’t kick in for a couple of years, and that actually
works quite well with the timing, that is appropriate given the current economic
crisis.

Graham: The 80% emissions reduction below 2005 levels by 2050 is exactly
what President Obama has suggested we do, but there still are enough
Republicans who hold enough seats in the Senate to block cap-and-trade if they
wanted to. What are the chances of having legislation like this passed?

Lashoff: Well, I’m very optimistic that with the momentum that the US CAP
proposal delivers, the strong business support from at least a significant portion
of the business community, certainly not universal, that we can move forward. It
certainly will require a bi-partisan effort. There will need to be Republicans
joining the Democratic majority in the Senate as well as in the House to enact
legislation. I think we can do that. I think that this proposal provides a lot of
insight into the types of provisions, in addition to the cap itself. Things like
energy efficiency investments that will hold down the costs for consumers,
approaches to dealing with concerns of the economic impact – that chose a
pathway to get legislation enacted, hopefully in 2009.

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