The Washington Independent
The Washington Independent

Baucus Opens Finance Hearing With Praise for Climate Legislation

Last updated: July 31, 2020 | November 10, 2009 | Emmanuella Shea
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Lest you should think that Sen. Max Baucus’ (D-Mont.) “no” vote on the Environment and Public Works Committee’s climate bill signaled his opposition to comprehensive climate legislation in general, look no further than his opening statement this morning at the first hearing on the legislation in the Finance Committee, which he chairs:

[...] I am committed to passing meaningful, balanced climate-change legislation. I am committed to legislation that will protect our land and those whose livelihood depends on it.

I want our children and grandchildren to be able to enjoy the outdoors the way that we can today. So I’m going to work to pass climate-change legislation that is both meaningful and that can muster enough votes to become law. [...]

Let me be clear.  We should work to minimize any job losses.

But we should recognize that in the case of acid rain [in the 1990 Clean Air Act Amendments], the negative [economic] consequences were far less than projected.  We should keep this in mind when similar claims are made about the effects of legislation to address climate change.

So he’s committing to passing a bill *and *preempting the economic attacks that will inevitably come from the industry-heavy panel of witnesses.

Now, that’s not to say that the bill’s passage through the Finance Committee will be a breeze — it’s a relatively conservative committee, and Baucus is no environmentalist along the lines of EPW Chair Barbara Boxer (D-Calif.). But advocates of a cap-and-trade system to reduce carbon emissions have to be heartened by Baucus’ rhetoric this morning.

Of course, their mood might change when the legislation hits the Agriculture Committee, now chaired by cap-and-trade-wary Sen. Blanche Lincoln (D-Ark.).

Emmanuella Shea | Emmanuella Shea is a professional financial analyst with over 9 years of experience in the financial markets. Emmanuella is still concerned about the long-term stability of multimillion-dollar financial portfolios. She is skilled at persuading and manipulating high-ranking individuals in addition to her work as a Financial Analyst. Her decisions are trusted and respected, and her views are highly regarded. Her long-term ambition is to work as a policy advisor at the national level. She wants to use her unwavering dedication and drive to help developing-country people gain more dignity and autonomy.

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