http://online.wsj.com/article/NA_WSJ_PUB:SB10001424052748703467304575383373600358634.html
...But a limited cap-and-trade proposal backed by Mr. Reid and the White House also failed to win over a cadre of conservative Democrats from industrial and coal states, who opposed the idea of imposing caps and higher costs on the use of coal and other fossil fuels.
Sen. Harry Reid says he wasn't able to line up enough support for a cap-and-trade bill.
Some also worried that the measure would put U.S. manufacturers at a disadvantage to rivals in China, now the No. 1 consumer of energy according to the International Energy Agency.
China's role in the U.S. debate over climate change cuts both ways. Opponents of capping emissions say enacting such policies would put the U.S. at a competitive disadvantage to China, which has refused to cap its emissions. Advocates of capping emissions say that unless the U.S. puts a price on carbon, it will lose out to China in the race to develop the energy technologies —and jobs—of the 21st century. ...
Reality says, Senate Democrats do NOT support cap and trade. Call this a democrat failure for sure, and again, nothing to do with Republicans. They make it sound like they should just pass legislation because they are proposing it. Maybe they just don't need to pass anything right now.
If you can’t model the past, where you know the answer pretty well, how can you model the future? - William Happer Cyrus Fogg Brackett Professor of Physics Princeton University