The Next Step in Climate Change Legislation

On Wednesday, Senator Barbara Boxer (D-Calif.) and Senator John Kerry (D-Mass.) have introduced their version of climate change legislation, which will follow the House’s version of Waxman-Markey. Energy Tomorrow has a great assessment of the proposed legislation and the implications that this legislation will have on the oil industry and American businesses.

Like Waxman-Markey, the Boxer-Kerry climate change legislation will cause fuel prices to soar up to the $4-$5/per gallon range, and it will cause the same amount of job losses.

Perhaps, the Senate should take the high road and not try to follow the House’s lead with Waxman-Markey. The right alternative would be to draft legislation that does not place harm on our fragile economy, acknowledges and proposes ways to utilize clean natural gas, etc.