Monday, June 21, 2010

Detroit Free Press Endorses Kerry-Lieberman Climate Legislation

The Detroit Free Press, in an editorial, wrote that "Congress, not BP, has the cure for our continuing addiction to fossil fuels." After the Gulf of Mexico oil spill, the newspaper said the Senate should approve the Kerry-Lieberman climate bill, which "balances its increasingly stringent [GHG emissions] limits with concessions to virtually every major energy stakeholder--loan guarantees for nuclear plant owners, exemptions for heavy industry, rebates for consumers, and so on--while endeavoring to generate millions of clean-energy jobs."

The Free Press noted that the legislation faces opposition from Republican senators claiming President Obama was "mixing apples and oranges by conflating climate change legislation with his campaign to reduce reliance on oil. But the president is merely connecting the dots. Projections indicate the Kerry-Lieberman bill would accelerate the transition from fossil fuels. A study by the Peter G. Peterson Institute for International Economics suggests the bill's mandates for alternative fuels and more efficient vehicles would reduce oil imports by one-third over the next quarter century."