Reaction to the Kerry – Lieberman climate change and energy legislation has been positive, largely for being what it is: A solid effort by the U.S. to tackle the climate change issue that comes years after major industrialized nations in Europe rolled out their own carbon-pricing plan. See here, for our analysis on the bill’s chances of getting passed the Senate.
The environmental community likes the bill’s cap-and-trade provision but opposes its support for offshore oil and gas drilling and funding to expand nuclear power generation. Oil and gas companies, which would be the most affected by the legislation, rehashed talking-points supporting the need to tackle the climate change issue, but largely remained on the side lines, avoiding to take a position until a careful analysis of the legislation. We’ve compiled a roundup of the various reactions to Kerry – Lieberman by key participants in the ongoing climate change debate.
Senator Lindsey Graham, (R-S.C.)
I believe the broad concepts we came up with before are transformational and are the most consumer and business-friendly effort to date in dealing with carbon pollution. Most importantly, they can serve as a framework in allowing America to lead in the creation of alternative energy jobs and significantly reducing our dependency on foreign oil. With these goals in mind, I am interested in carefully reviewing the details of the new proposal.
Abandoning drilling and fossil fuels is not a realistic option. However, it is imperative that we pause to find out what led to the historic oil spill in the Gulf and ensure that it never happens again. The reality still remains that fossil fuels will be required in America for decades to come.
Spokesperson Morgan Crinklaw, speaking for Chevron
We will not take a position on this bill until we have a chance to review the language and evaluate it against our climate change principles. Chevron shares the concerns of governments and the public about climate change. We believe that any climate change legislative framework should maximize energy efficiency and conservation, be implemented at the national level, be fair to the participating sectors, and avoid duplicative regulation. It should also be aligned with, and assessed against, broad policy objectives. Once we have an opportunity to fully review the bill, we will engage and provide constructive input.