John McCain is promoting a bill that mandates emissions be cut to 2000 levels by 2010. Democrat Sen. Jeff Bingaman (New Mexico) has proposed a competing bill that wouldn't reduce the absolute level of carbon-dioxide emissions, but their rate of increase. The game is to get any restriction, no matter how piddling, on carbon-dioxide emissions. As environmental analyst Marlo Lewis of the Competitive Enterprise Institute argues, the debate then will forevermore be not whether emissions should be capped, but by how much. Thus, the U.S. will enter a new era of restrictions on its energy consumption. Carbon dioxide is a byproduct of coal, oil and natural gas, which account for 85 percent of all energy consumed by Americans.
Disclaimer The opinions expressed herein are my own personal opinions and do not represent my employer's view in anyway.