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Mollohan, Rahall and Space Still Mulling ‘Cap and Trade’

By JOSELYN KING
POSTED: June 23, 2009

WHEELING - A bill to reduce fossil fuel emissions over the next 40 years comes at a steep price to area consumers, and three local Congressman still haven't said whether they will support it.

Sponsors of "cap and trade" legislation, House Resolution 2454, hope to have a vote on the bill before the July 4 recess.

But U.S. Reps. Alan Mollohan and Nick Rahall, both D-W.Va., and U.S. Rep. Zack Space, D-Ohio, haven't said whether they will vote for the bill. Messages left with the offices of each congressman were not immediately answered Monday.

Over the weekend, the Congressional Budget Office released estimates showing that the proposed "cap-and-trade" provisions of the climate bill would cost $22 billion a year by 2020. It's assumed by the CBO that these costs would be passed on to consumers, with the projected price being $175 per household annually.

The intent of U.S. Rep. Henry Waxman, D-Calif., chairman of the House Energy and Commerce Committee, is to have the bill voted on and passed by the July 4 recess.

But thus far, not enough support has been voiced for the bill, according to Waxman.

The cap and trade bill, also known as the American Clean Energy and Security Act of 2009, would require an 83-percent reduction in greenhouse gas emissions by 2050. Introduced by Waxman and U.S. Rep. Edward Markey, D-Mass., it establishes financial incentives for businesses that work to reduce carbon emissions in the atmosphere by paying them for the "carbon credits" that result from the reductions.

Other businesses - such as utility companies - with a need to burn fossil fuels would be able to purchase the "carbon offsets," which would be auctioned.

U.S. Rep. Charles Wilson, D-Ohio, already has said he will oppose cap and trade legislation.

And U.S. Rep. Shelley Moore Capito, R-West Virginia, has expressed concerns about the measures, noting it would place too much of a financial burden on already cash-strapped consumers seeking to pay utility bills.

Member Comments
View Comments: | 1-25 |26-44 | Post a comment
oldsteelmaker
06-27-09 12:07 AM
Did anyone see how our lovely delegation voted?

oldsteelmaker
06-24-09 5:30 PM
"So the man that owns Weirton Steel thinks the US is not a good place for investment, and that one big fault is probable CO2 limits. Wake up, folks!"

Sorry. Still have trouble about when it cuts off.

oldsteelmaker
06-24-09 5:24 PM
If you think the Bamster can muscle this guy, think again. He lives in England, and the company headquarters are in Luxembourg. More than half of his plants are closed already, and he sees little to change that soon. What leverage does Obama, Reid or Pelosi bring to make him put money here? Nothing.

I can see it now. Oceangoing ore boats leaving Minnesota for some Carribean island where Mittal has built blast furnaces and BOFs. Ship the slabs back to whatever rolling mills are still open. Since most of the profit is in the refining half of steelmaking, most of the money and the jobs will stay out of the country.

Sound farfetched? China, India and Japan import all their iron ore from Africa, Australia and South America now. Only difference I see is smaller ships to fit the Seaway. Does Cap and Trade sound like a good idea now?

oldsteelmaker
06-24-09 5:16 PM
From the Wall Street Journal today:

Chief Executive Lakshmi Mittal told steel executives at a conference in New York that while the U.S. and European Union will continue to wield considerable influence in pioneering new steelmaking techniques and products, those regions don't promise the same growth as other locales.

"We must recognize that these are not long-term growth markets. It will be China and other emerging markets that will drive future growth for our industry," he said Tuesday.

Per capita consumption of steel in developing economies remains low, promising a larger upside to investment, especially as infrastructure projects take hold, he said. "Their powers of recovery are likely to be faster." Emerging economies also don't have the same costs as developed nations from regulations on carbon-dioxide emissions, he said.

So the man that owns Weirton Steel thinks the US is not a good place for investment, and that one big fault is probable CO2 limits. Wak

dolphin3111
06-24-09 12:37 PM
Reactionary, Thanks for not joining the herd. Any time anyone has conviction about anything, there's always someone who will disagree and may get ****** off. That's life. At least for now we still have the freedom to express our opinions.

dolphin3111
06-24-09 12:14 PM
steelmaker and bigmike,

Congratulations. You've got it right ! I agree.

There is no scientific cause and effect relationship between human generated CO2 and global warming. Our climate is under the control of much more powerful forces.....like Sun activity. Sun storms have been at a minimum over the last several years causing the earth to actually become cooler than normal. Prominent Russian scientists have said if the Sun activity stays as it is now (no Sun spots), a small disruption on earth like a major volcano or large Nuclear explosion or something, could drive us into a new ice age.

Good Luck.

oldsteelmaker
06-24-09 12:11 AM
Cap and trade will guarantee that blast furnace will never run again. It will also destroy Mountain State Coke. One ton of coke makes three and a half tons of carbon dioxide. Since the proposed "fee" will be more than the profit on the steel made, no one will make steel here anymore. If you have no blast furnaces, who needs coke?

Despite all the claims, no one has shown a cause-and-effect relationship between human generated carbon dioxide and climate conditions. There's a lot of handwaving and smoke and mirrors, but the recent data shows distinctly different results compared to the models. If it's supposed to be getting warmer, why is the average temp dropping? We did not see the peak temps get near the records in the 1930's, and they are going down.

So why is this happening? Pelosi's husband was a big investor in Boone Pickens' wind farm venture. She wants to see that make money. Gore will make millions trading the credits.

Greed.

BigMike
06-24-09 12:06 AM
FACT: Carbon based energy is cheap compared to "Green" sources. That's the bottom line. How many can afford $800-$1000/month utility bills? That is the future if Cap and Trade is implemented.

FACT: China is surpassing the USA as the greatest emitter of Greenhouse gases, yet the UN has recommended that so called developing nations be exempted from climate-change rules. Wouldn't it be wise (and cheaper) for China and India to do it right the first time?

tmoore
06-23-09 10:38 PM
WOW. You get what you vote for. An amateur community organizer. He couldnt run the island let alone a country> Sickenning.

tmoore
06-23-09 10:36 PM
Where do the Dems in Wheeling stand? No coal or steel will close the whole valley. Will they back their baby boy Obie Hussein?

Graysongs
06-23-09 7:47 PM
wonderwhy -Exxon/Mobil is producing a series of ads to cover both sides of the bet and there's nothing more to it than that. That's what corporations do to deflect the interference by government and lobbyists. Are you truly too naive to see that?

Reactionary
06-23-09 7:33 PM
By the way dolph, what kind of noise does the "HERD" make, MOOOO??? BAAAA???.

Never been part of a "Herd" before. Spent my whole life being an individual, and proud of it!

Not ready to join the "Herd" yet, just asking what kind of noises they make! I would really hate to*****someone off!

Reactionary
06-23-09 7:27 PM
dolf, maybe I am frustrated. But there is no percentage in banging your head against the wall arguing against the popular misconceptions of the day.

Universal Health Care, Global Warming/Cap and Trade, and the re-distribution of wealth make up the roaring tidal wave coming straight at the "Middle Class'.

Some will benifit, most will not. ALL of us will pay the price. Saw the other day on MSM that the "New Wealthy" start at $100K for the tax burden, not the $200K we were told.

Soon it will be down to $45K, just so enough money can be raised to pay for all of this. But at least someone is DOING SOMETHING, even if it is wrong! I just want to go along and see how this plays out. Must not have much fight left, get it? L E F T ! ! ! ? ? ?

dolphin3111
06-23-09 6:45 PM
Hello reactionary, You seem frustrated; as well you should be. Our government officials are not working for us, but just for themselves. It's seems like there's no way out of this mess.

My hope is that the representatives and senators who will put this tax burden on us, will at least listen to what many scientists have to say about "non" global warming before voting. I wish they would not just follow Al Gore and Jim Hansen like cattle to the slaughter house.

Best of Luck.

Reactionary
06-23-09 6:04 PM
Mrs. Capito's NO vote comes as no suprise. Charlie Wilson's no vote is. But he , along with the other three, will tow the party line once Madam Speaker steps on their necks.

Cap and trade, New Tax, Robbery, Scam, whatever you want to call it is coming. There will be no escape. Gasoline, fuel oil, groceries, auto license fees, etc will all increase. And more than just minimally.

Why you ask? Because they can!! Big Gov't has it's foot in the door and it aint going away! This is the change the USA voted for, like it or not!

There is no rationale to fighting it and getting all upset. Just go with the flow and survive the best you can. We're all in it together.

1dougie
06-23-09 5:44 PM
This story behind this is alot of states like Ohio and California went a took a large chunk of the tax payers money and invested it in Oil and when the price of oil dropped it caused alot of these states to lose the money they invested in oil and have a budget defceit and now that's why alot of these states are making cuts in programs and increasing taxes, so what they are proposing is that we do away with coal and go with depending stictly in oil so they can increase the price of oil. What they should done with these clowns when they were up for re election was run them out of town and I think alot of what Obama is trying to do is run this country in to the ground,

Thebudman
06-23-09 4:34 PM
And just say goodbye to coal jobs.

atoddh
06-23-09 4:07 PM
Recent proposed legislation for enhanced financing for nuclear plants will facilitate cap and trade.Nuclear is the cheapest way to produce power and has no carbon.With Fed loan guarantees(low interest),power companies will scramble to build new nuclear plants vs coal or even gas.

Honesty
06-23-09 4:06 PM
We can't wait till 2010. If they don't stand up against the cap and tax bill right now and work to defeat it , we must recall them and have them step down. We can send new people to D.C. regardless of party who will represent West Virginia.This is a nobrainer!

wonderwhy
06-23-09 3:07 PM
hmmm, exxon mobil is producingnew clean energy jobs. how could they be wrong?

Thebudman
06-23-09 3:03 PM
I thought this bill is addressing the possible man-made global warming. The EPA that was established back in the early 70's, under Nixon addresses air & water pollution.

If this bill is passed, the only country that will be bound to it will be the USA. China and the rest of industrialized nations will be able to emit CO2 at will, thus rendering our efforts useless on a global scale. And for our efforts, we get increased utility bills, groceries, gasoline, and just about everything else. Not to mention all the industrial jobs that will be lost.

wonderwhy
06-23-09 2:40 PM
vote yes for clean air, clean water and 21st century energy!!!!!!!!!!!!!!!

GoldenArm
06-23-09 2:24 PM
So, how is this any different from the rate hikes that the power companies do every year? I'm serious. When was the last time your bill didn't go up.

But by all means, lets just keep polluting our environment and watch as people die off from cancer.

This country is ruined because of **** who would rather breathe dirty air, then pay a couple extra dollars a month on their bills. Selfish and fat is no way to go through life WV.

DaunaMoore
06-23-09 2:14 PM
I give up :) the site is Heritage****...perhaps this won't turn into stars? :)

DaunaMoore
06-23-09 1:40 PM
***********heritage****/Press/FactSheet/fs0028.cfm

Not sure if the website was "edited" so will try again: the notes to read before you call.

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