Alt-Coin Trader

WHAT?!?: White House aims to use Deepwater disaster to win votes for US climate bill


Senators are set to take a last run at producing a climate and energy law tomorrow, betting on the spectre of environmental disaster raised by the BP oil spill to build support for a comprehensive overhaul of America's energy strategy.

But despite a strong push from the Obama administration, there are concerns the debate about the energy future could be lost in the wrangling about offshore
oil drilling permits.

The official roll-out by Senators John Kerry and Joe Lieberman caps
eight months of negotiations with political figures and industry executives aimed at getting broad support in Congress for shifting the economy away from coal and oil and reducing greenhouse gas emissions. Climate legislation passed by the US Senate could unblock a major obstacle which prevented agreement on a binding global deal at last year's Copenhagen summit.


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