Tom Borelli, Ph.D., is the editor of http://FreeEnterpriser.com, a shareholder activist, and a senior fellow at the National Ceter for Public Policy Research.
On June 10, the Senate is expected to vote on a resolution offered by Senator Lisa Murkowski (R-Alaska) that would block the Environmental Protection Agency (EPA) from regulating carbon dioxide emissions under the Clean Air Act.
On the heels of the major drug companies working a deal with President Obama on health care reform, other corporations are partnering with environmental, labor, and left-wing special interest groups in a last-ditch effort to jumpstart cap-and-trade legislation in the Senate.
Caterpillar CEO Jim Owens’s last minute opposition to the Waxman-Markey cap-and-trade bill, announced just prior to the House of Representatives’ vote, was reminiscent of Senator John Kerry’s infamous statement “I voted for it before I voted against it.”
President Obama and Congressman Henry Waxman have found big business to be a crucial ally in their quest for a national cap-and-trade law to limit carbon emissions.
Unfortunately, the managerial skills that enabled Jamie Dimon to avoid the worst of the subprime mess are completely missing when it comes to energy policy.
The prospect that President-elect Barack Obama may keep the Bush tax cuts until 2011 has some clinging to hope he will postpone his liberal ideas for the economy’s sake. However, there’s little chance of that when it comes to global warming, an issue on which Obama puts his ideology first and the nation’s economic growth second.
Energy companies beware. If the government can take over banks because they failed to execute their primary responsibility to lend money, it could also take over oil and utility companies if they fail to produce reliable and affordable energy.
Tom Borelli, Ph.D., is the editor of 
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