The upcoming Senate battle over President Obama’s climate-change bill will center on the “cap-and-trade” system to allow trading of pollution permits as emission levels are increasingly tightened. Energy risk-management expert Mark T. Williams, who teaches finance in the School of Management, says not to expect Senate approval until the economy rebounds and there’s a stronger U.S. industrial sector – probably not until 2010.
Contact Mark T. Williams, 617-358-2789, williams@bu.edu
One Comment
Peter Staats posted on December 2, 2009 at 6:28 pm
It is becoming abundantly clear that the connection between carbon dioxide and climate change has not been established. This means that carbon dioxide is not a pollutant. There is no reason to tax carbon dioxide other than to fill the pockets of politicians and their accomplices.