16 January 2008 22:31 [Source: ICIS news]
“Conventional wisdom says that this election year will be a very difficult time to get almost anything out of Congress,” said David Parker, president of the American Gas Association (AGA).
“But many of us expect that there will be more Democrats in the US Senate next year than there are now, so it might be better for us to work with this Congress this year in hopes of getting a climate control bill we can live with,” he said.
Although Democrats control both the US House of Representatives and the Senate, their majority margin in the Senate is only one vote. Consequently it is easier for Republicans in the Senate - who are seen by some groups as more friendly to commercial interests - to block business-hostile legislation or force compromises that limit legislative impact on business.
Parker and many others expect that in the
“If we work with Congress now and perhaps get the president [George Bush] involved in the interest of his legacy, there is a real possibility we could get a reasonable climate bill out of Congress this year,” Parker said.
The Senate is expected to consider soon this year the Lieberman-Warner climate control bill, S-2191, which would impose limits or caps on the amount of carbon dioxide (CO2) and other greenhouse gas (GHG)
Parker cautioned that if the climate control issue is left to a Democrat-majority Congress and a Democrat president in 2009, “I’m afraid that polar bear habitat is going to be the driving consideration in this debate, not
He also warned that a climate control bill that emerges from Congress without major input from the
“That would drive the price of natural gas significantly beyond its current $8/m Btu range, and that would be a major concern for those of us in the gas industry and for all industry,” he said.
Parker spoke at the fourth annual meeting of the US Energy Association (USEA), an alliance of public and private energy-related organizations, corporations and government agencies.
In the same session, American Petroleum Institute president Red Cavaney warned that if Congress continues to maintain drilling bans on vast US domestic oil and gas reserves, the nation's economy and workforce will see significant losses.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections