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Deal nearing on Senate climate bill

March 18, 2010 By James Handley

Senate climate bill to include “hard price collar” (NYT-Greenwire)

Filed Under: Governmental Bodies

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Quote of Note

The hue and cry over fossil fuel subsidies in the US is a tempest in a teapot, more a political symbol than a real source of revenue or decarbonization. The big fossil fuel subsidies are the externalities.”

Commentator David Roberts, in Biden’s tax plan goes after the little fossil fuel subsidies, but not the big ones. (Direct subsidies don’t amount to much.), April 9.

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