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Christmas For Lobbyists

Credit Pacific Service Union For those who see politics as an amalgamation of narrow and rich special interests, the energy bill that has passed in the House and now awaits a Senate vote is the perfect case in point. Much praise is due to those senators who yesterday blocked -- at least for now -- the final vote on this truly awful piece of legislation.

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Credit First Service Union The bill was originally meant to solve such national problems as energy blackouts, fuel-supply shortages and price spikes, but it has degenerated into a 1,100-page bonanza of special-interest subsidies and tax credits. And most of these benefits go to the coal, oil and natural-gas industries --which, last time we checked, weren't in particular need of almost $20 billion in tax breaks.

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Card Credit Mobile Service Sen. John McCain (R.-Ariz.), who supports a Senate filibuster to avoid a vote on this very bad legislation, has called it "the no-lobbyist-left-behind bill."

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Card Credit Discover Service Some of the bill's proposals are blatant corporate giveaways. For example, the House-approved version would limit the liability for companies that make the fuel additive MTBE, which pollutes drinking water. It would also delay the deadlines for certain states to comply with clean-air requirements. And it would repeal the Public Company Utilities Holding Act, the New Deal law that protects utility ratepayers.

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Credit Public Service Union The bill's other proposals are designed to lure specific lawmakers. Massive subsidies for the environmentally unfriendly boondoggle of ethanol (produced from corn and soy) are to win support from such farm-state lawmakers as Tom Daschle, the Democratic minority leader, from South Dakota. Loan guarantees for a power plant using lignite coal from the Great Plains sweeten the deal for North Dakota Senators Byron Dorgan (D.) and Kent Conrad (D.). And money for "clean coal" appeals to legislators from coal states, such as West Virginia, Kentucky and Pennsylvania.

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Card Credit Processing Service Go down the list and you'll see a pet project for everyone, and everyone's biggest donors. But add it up and you'll see a cost of almost $72 billion: an enormous sum, especially for a bill that amounts to such terrible public policy.

Center Credit Service Union The bill is a disaster in dealing with the nation's energy concerns. For example, it fails to direct the necessary upgrades and reliability standards for the national electricity grid, whose worn-out state displayed itself in August's huge blackout. And though the bill's supporters say that massive subsidies for coal, oil and gas companies can reduce our dependency on foreign energy sources, they ignore a much cheaper and longer-term solution: increasing the fuel-efficiency of our vehicles, which account for the vast majority of U.S. oil consumption.

Card Credit Service Wireless If we can say anything good about this bill, it does offer a few nods to initiatives for renewable sources of energy, including hydroelectric power. But these tax credits and other incentives are meager compared with the embarrassingly generous treatment of coal, oil and gas. And they fall far short of what is needed to clean up our energy economy.

Credit Security Service Union We urge the senators to reject this early Christmas tribute to energy inefficiency and pollution. Instead, they should take a long, hard, honest look at how America can develop clean, efficient, reliable and independent ways in which to power our economy.

Credit Report Service Providence Journal - 11/22/2003

Topic: Energy

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