With hopes for a comprehensive climate bill dead, the latest question for climate-watchers is whether or not Sen. Majority Leader Harry Reid will offer a vote on Sen. Jay Rockefeller's amendment to block the EPA from regulating greenhouse gases for two years. Without a carbon pricing scheme or even a renewable electricity standard, the EPA is the only remaining avenue to restrict carbon emissions. The agency has drafted a slew of new regulations that would begin in January, but Republican senators and some moderate Democrats who fear the economic effects of unwieldy new restrictions have mounted a campaign to halt or stall these rules.
President Obama came out against Sen. Lisa Murkowski's bid to strip the EPA of its authority to regulate greenhouse gases altogether, and a White House official said on Friday that the President would veto legislation that included Rockefeller's two-year delay.
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