Energy Bill: Waxman-Markey Spurs War of Words, Frenzied Round of Horse-Trading and Arm-Twisting

SUGAR LAND--June 23, 2009--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The initial skirmishes have ended, giving way to an all-out battle over federal energy legislation sponsored by U.S. Reps. Henry Waxman and Edward Markey. At stake are tens of billions of dollars in new investments and capital spending that most analysts predict will fundamentally change the way energy is produced and consumed in the U.S. This is the most far-reaching piece of energy and environmental legislation to be considered by Congress in years. Waxman-Markey aims to significantly lower U.S. carbon-dioxide emissions from a 2005 baseline.