JEFF GOODELL
Posted Aug 07, 2008 11:08 AM
It took Congress more than three decades to consider a major initiative to ward off global warming, but only a few days to kill it. In June, the Senate rejected the Climate Security Act, which would have put America on track to slash greenhouse-gas emissions by 71 percent by 2050. The bill was specifically crafted to soften the blow to the nation's coal industry — coal generates more than a third of all carbon-dioxide pollution — by providing coal-burning power companies with $300 billion in subsidies and outright giveaways. But the lavish incentives did nothing to prevent Big Coal from going all out to defeat the measure; one industry-funded TV ad implied that if Congress passed the bill, "we may have to say goodbye to the American way of life." In the end, virtually every senator from a state where coal is mined or burned voted against the measure.
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