Senate Dems Push Climate Bill Through Without GOP

Nov 8 2009 | 9:17am ET

Democratic Senators united to send the Clean Energy Jobs and American Power Act (better known simply as the Climate bill) to the full Senate for debate on Thursday despite a Republican boycott.

Led by Senator Barbara Boxer (D-California), who sponsored the bill with Senator John Kerry (D-Mass.), the Senate Environment and Public Works Committee voted 11 to 1 in favor of the bill, without amendment. Democrats outnumber Republicans 12 to 7 on the committee, and in calling the vote – after days of delay – Boxer exploited a little-used rule that says votes may proceed if the majority of committee members are in attendance.

The only Dem to vote against the bill was Max Baucus of Montana, who said he objected to the bill’s being approved without amendment. Baucus’ home state is a big coal producer. Nevertheless, he has said he would ultimately like to see the bill passed, albeit with some modification.

The climate bill promotes alternative and renewable fuels and a ‘cap and trade’ system for reducing greenhouse gases.

The bill must now pass other Senate committees before being debated by the full chamber.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...