Business, Republicans Willing To Engage On Climate Policy, Provided It Starts With "Carbon Capture"
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Coons can now count a handful of business and industry lobbyists in the same camp: the Business Roundtable of top CEOs anticipates an eventual price on carbon; the Chamber of Commerce welcomed President Bidens return to the Paris Agreement, which the Trump administration quit; and even the Farm Bureau, whose industry is among the larger emitters that scientists blame for accelerating warming, has come around. All now claim they are no longer standing in the way of U.S. climate-change policy and consider it vital to have a spot at the table to ensure that market based ideas have their place.
Republicans generally lead their plans with carbon capture. It involves grabbing excess CO₂ right from the power plant or other emitting source, ostensibly creating greener energy. Critics charge that this process too often takes the place of efforts to cut emitting altogether.
Coonss Growing Climate Solutions bill, which got nowhere last year, has a co-signatory well-distanced from the Delaware lawmaker on the political spectrum: Indiana Republican Sen. Mike Braun. They hope their bill sees new light in a Congress with a slightly different makeup. The House had its own version. And both chambers formed respective climate-change caucuses, although not without their critics: Democrat Sheldon Whitehouse has called it the Senate group a do nothing caucus.
Now, Coons and the Democrats have a slim advantage in both houses which policy analysts say will still demand compromise on climate change. That worries some environmental activists who are concerned that more-immediate action to slow rising seas and severe storms will again be delayed. But climate-minded lawmakers are also working with a Joe Biden White House that is injecting climate-change expertise across all major agencies and departments, including Treasury, and has a dedicated crew to lift the U.S. profile on the global environmental stage.
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https://www.marketwatch.com/story/nuclear-and-carbon-capture-may-form-bipartisan-re-starting-point-on-climate-change-11611604489