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Schumer: Climate Bill Will Be Introduced as Amendment to Energy Bill

Sen. Charles Schumer (D-N.Y.) tells The Hill that the landmark climate bill being drafted by Sens. John Kerry (D-Mass.) and Joe Lieberman (I-Conn.) will likely

Jul 31, 2020
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Sen. Charles Schumer (D-N.Y.) tells The Hillthat the landmark climate bill being drafted by Sens. John Kerry (D-Mass.) and Joe Lieberman (I-Conn.) will likely be given a vote as an amendment to Sen. Jeff Bingaman’s (D-N.M.) energy-only bill. If Schumer’s right — and he’s very close to the Democratic leadership, so there’s every reason to believe he is — this would represent a major step backward for America’s efforts to fight global warming.
Schumer said that the Bingaman proposal would be “the base bill upon which John Kerry will seek to add his bill,” clarifying that “he’s going, in my opinion, going to get a chance to offer it in the form of an amendment.”
Bingaman’s bill, which provides incentives to develop cleaner energy sources but does not address planet-warming greenhouse gas emissions, has been derided by environmentalists for its handouts to the energy industry. Some argue that the renewable energy targets in his bill are lower than would be met by the status quo.
The hope among environmental advocates was that the Bingaman proposal would be folded into Kerry and Lieberman’s comprehensive climate bill, which places a declining cap on carbon emissions among certain polluting sectors of the economy. Some conservative Democrats have called for a separate vote on an energy-only bill, which would be far less controversial (since it would not impose a cost on emissions) but would not directly address climate change.
If the climate proposal is indeed introduced as an amendment, its chances of passage are low, since vulnerable senators will be able to claim environmental credentials by voting for the underlying energy bill while voting down the controversial climate amendment.
Expect strong pushback from environmental groups and liberal Democrats if Schumer’s hunch is confirmed.
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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