Some point to superstorm Sandy as a primary example of the need to curb emissions that they believe are fundamentally disrupting the way Earth’s ecosystem works. They would like to have a treaty signed by 2015.
But many in the energy industry are concerned the Obama administration, fresh off a re-election win, will go too far with a radical environmental strategy that will have a negative impact on U.S. businesses and consumers – not just through the U.N., but executive edict.
“They brought hundreds of millions of dollars into his re-election campaign,” said Michael Whatley, vice president of the Consumer Energy Alliance. He believes the president delayed consideration of the Canada-to-Texas Keystone XL Pipeline because he couldn’t afford to lose allies in the environmental sector, and may now feel pressure to deliver to those groups. Indeed, on the night of his re-election, Obama vowed the U.S. would be a leader in combating a “warming planet.”
For years, both Democrats and Republicans have blocked cap-and-trade legislation on Capitol Hill which would set emissions limits and fees for those who exceed them. Now, a growing number of lawmakers are sounding an alarm about what they believe will be the Executive Branch’s “end run” around Congress.
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