Wednesday, July 14, 2010 8:58 AM
Need-To-Know Memo, July 14
By Amy Harder, NationalJournal.com
1) Senate Democrats have little chance of passing even a slimmed-down climate and energy bill before the August recess due to, among other things, lack of floor time (CongressDailyAM -- subscription).
2) Senate Majority Leader Harry Reid, D-Nev., continues to push legislation that prices carbon emissions despite not having the 60 votes necessary (The Hill). Support from the utility sector will be key for passage, but the top association for the industry has not seen a draft bill yet (Politico).
3) Two draft proposals that price utilities' carbon emissions surfaced Tuesday, but it's still unclear what Reid plans to include in his package. Several senators are also pushing other energy measures, including Amy Klobuchar, D-Minn., and Tim Johnson, D-S.D., (Environment & Energy Daily -- subscription) and Jay Rockefeller, D-W.Va., and George Voinovich, R-Ohio (CongressDailyAM -- subscription).
4) BP postponed testing the new containment cap for its leaking oil well; it was scheduled to begin Tuesday. Federal and company officials say more analysis is needed (Wall Street Journal).
5) The Congressional Budget Office "is expected to release a report today finding that the current tax credit for biofuels may be a waste of money" (Politico).
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