Unfortunately, it is looking less and less likely that cap-and-trade emissions legislation will be passed before the end of 2009. First, the Waxman-Markey Bill only barely passed the House, and is facing an uphill battle in the Senate. Many groups are advocating to Senators against the bill, citing statistics of job losses that would allegedly occur if stricter emissions standards were put in place. Congress may also be waiting to see what results from the Copenhagen international climate talks this December before they decide to move any further on domestic policy. Finally, Congress is much more occupied at the moment with health care legislation debate, putting the environment back on the back-burner, as too often happens.
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