Just $7/month gets you a limited edition KaiPA pint glass. Plus bragging rights that you support independent journalism.
Donate today to get yours!
TEXT OF STORY
Scott Jagow: A Republican filibuster delivered a quick end to this week’s debate on a Senate bill to cut U.S. greenhouse gas emissions. That sets the bill back at least until the next session of Congress. But for lobbyists, the work is just beginning. From the Marketplace Sustainability Desk, Sam Eaton reports.
Sam Eaton: There’s a simple reason so many companies and special interest groups came to Washington this week for the Senate’s debate on the Lieberman Warner Climate Security Act:
Ray Kopp: When you put a lot of money on the table, a lot of people show up.
That’s Ray Kopp with the energy think tank Resources for the Future. He says the bill could end up costing big emitters trillions of dollars if they can’t clean up their emissions and have to buy pollution permits instead. And that’s spawned a lobbying frenzy, as everyone from Dow Chemical to big utilities try to bend the rules in their favor.
General Electric is pushing for big federal payouts to upgrade power plants with its own equipment. Others hope to expand the number of permits they can buy. One study says these side deals could set back any meaningful cuts in U.S. greenhouse gases by several decades.
But lobbyist Scott Segal says that’s democracy at work.
Scott Segal: As I tell my clients and as they tell me. Everyone is advised to have a seat at the climate change table.
He says when you’re talking about a bill that would essentially reorder the U.S. economy, few players are willing to stay silent.
I’m Sam Eaton for Marketplace.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.