Obama: The Cap on Carbon Is Coming...

By Bill Scher

Created 02/25/2009 - 11:55am

...but obstructionists and lobbyists are right behind.

President Barack Obama yesterday made a very specific demand for averting a climate crisis[1] and transitioning to a clean energy economy when he said, "I ask this Congress to send me legislation that places a market-based cap on carbon pollution and drives the production of more renewable energy in America."

And even more notably, the White House Press Secretary Robert Gibbs yesterday confirmed[2] earlier reports that the President's budget proposal will presume the "cap-and-trade" proposal will generate new revenue.