UQ- Will Pass- Republicans

UQ- Will Pass- Republicans

The president vowed to gather votes for the climate bill in the "coming months" and repeated his intention to roll back billions of dollars in tax breaks for big oil companies, to tap natural gas reserves as an alternative to coal, and to increase reliance on nuclear power -- although energy experts said that such a program would leave the country just as dependent on offshore oil. "I will make the case for a clean-energy future wherever I can, and I will work with anyone from either party to get this done. But we will get this done," Obama said. "The next generation will not be held hostage to energy sources from the last century." Allies of the president have argued for weeks that the administration should stop talking about BP, the oil company responsible for the spill, and instead tap into the public attention to the catastrophe in hopes of giving it at least some redemptive value in the long term. "The oil disaster adds new urgency and a new opportunity for connecting with the public," said Daniel J. Weiss of the Center for American Progress. "The administration was going to do it anyway, but this gives it a new way to talk about it." Those urging action have sent White House Chief of Staff Rahm Emanuel briefs that argue for a final push on the climate legislation, and others have had conversations with climate adviser Carol M. Browner and legislative director Phil Schiliro. In an online column posted Wednesday, Weiss and CAP President John D. Podesta argued that "the horrible BP oil disaster has reminded Americans that we must reduce our oil use," adding: "We share the view that this presents an unprecedented opportunity to take bold action to achieve this goal."

While the committee accused the oil industry of failing to anticipate the dangers of offshore drilling, senators John Kerry and Joe Lieberman unveiled their energy and climate change bill, after eight months of careful courtship of industry and political opposition. Kerry said it was the best hope of energy reform. "Everyone knows this is Congress's last, best chance to pass comprehensive climate and energy legislation." The passing of laws to limit US greenhouse gas emissions is seen as vital for a global deal to tackle climate change. But the American power act has no Republican backers after one of its co-authors, Republican senator Lindsey Graham, withdrew his support last month. Nonetheless, the White House climate adviser, Carol Browner, said the Obama administration would be pushing hard to get the bill through Senate. The 1,000-page bill addresses concerns about offshore drilling in the wake of the oil spill. "Mindful of the accident in the Gulf, we institute important new protections for coastal states," Kerry and Lieberman say in a summary. The bill gives states veto power over offshore drilling in waters 75 miles from their shores. States that go ahead will be able to keep a bigger share, 37%, of federal revenues from drilling. Otherwise, however, the bill remains carefully positioned to secure support from industry and moderate Republicans, making the final product far weaker than environmental organisations wanted.

Last week, Republicans invited to the White House summit emerged from a quick planning huddle to tell reporters that they would press Obama to drop cap and trade and work with the GOP to promote several provisions to advance clean electricity, electrification of cars and trucks, and research and development of low-carbon energy technologies. The GOP has several "clean energy proposals which we are for and he's for too," said Senator Lamar Alexander (R-TN), who as Republican Conference Chair is at the center of GOP leadership. After Tuesday's inconclusive meeting, key swing Republicans reiterated that there was still an opening to move forward on clean energy-

UQ: Will Pass- Roll Call

Lawmakers are pushing energy reform- final roll call ensures it will pass

First Read June 25^th (First Read, http://firstread.msnbc.msn.com/_news/2010/06/25/4560992-congress-weve-got-a-deal ) ET

"Ending more than two weeks of often-contentious negotiations, House and Senate lawmakers reached agreement early Friday on the most far-reaching rewrite of financial rules since the Great Depression," the Los Angeles Times writes. "The final details, including creation of an agency to protect consumers in the financial marketplace and new regulations to reduce risk-taking by large banks and limit their trading of complex derivatives, were hashed out in a marathon 20-hour session that began Thursday morning."roll Call: "The vote puts the massive bill one step closer to the president's desk and marks a major victory for Senate Banking Chairman Chris Dodd… Votes are expected next week in the House and Senate. For Dodd, the legislation would be the capstone of his 30-year Senate career. The veteran Democratic lawmaker is retiring at the end of the year after five terms." The Wall Street Journal on the details: "In two important ways, the agreement is tougher on the banking industry than officials in the Treasury Department anticipated when they first drafted their version of the bill 12 months ago. Lawmakers agreed to a provision known as the 'Volcker' rule, named after former Federal Reserve Chairman Paul Volcker, which prohibits banks from making risky bets with their own funds. To win support from Sen. Scott Brown (R., Mass.), Democrats agreed to allow financial companies to make limited investments in areas such as hedge funds and private-equity funds. The move could require some big banks to spin off divisions, known as proprietary-trading desks, which make bets with the firms' money."

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