In other words, hold onto your wallets, as Obama speaks to people whom which he wants to provide open wallets
(Bloomberg) With his administration under pressure from environmentalists to reject the Keystone XL pipeline project, President Barack Obama plans to unveil a package of separate actions next month focused on curbing U.S. greenhouse gas emissions.
At closed-door fundraisers held over the past few weeks, the president has been telling Democratic party donors that he will unveil new climate proposals in July, according to people who have attended the events or been briefed.
Remember the days when US Presidents would make pronouncements to the press, members of Congress, especially their own party members, and to the American People? Welcome to the Permanent Campaign.
Obama’s promise frequently comes in response to pleas from donors to reject TransCanada Corp. (TRP)’s proposed Keystone XL project, a $5.3 billion pipeline that would carry tar-sands oil from Canada to U.S. refineries. Opponents of the pipeline say it would increase greenhouse-gas emissions by encouraging use of the tar sands.
While Obama has not detailed the specifics of his plan to the donors, pipeline opponents anticipate the package will include a plan from the Environmental Protection Agency to issue final rules to limit greenhouse-gas emissions from new power plants. In April, the EPA delayed issuing the rule after the electric-power industry objected on legal and technical grounds. Since then, the agency has been rewriting the rule to address those concerns.
The White House plan may also include a standard for limits on existing power plants, something EPA officials have said they expect to propose in the next 18 months.
We will certainty have to wait for his rough outline, possibly written on a post-it note with no details. What we can expect are measures that raise the cost of energy, which will raise the price of everything else, raising the overall cost of living for all Americans, that will cause hardship for middle and lower class citizens.
And if you want to see how so much of this is pushed, meet Matthew S. Tejada, yet another environmental justice community organizer who was hired to be a bigshot at the EPA, after being one of the people who constantly sued the EPA.
What we will probably see, regarding Keystone XL, is Obama giving his hearty approval in public, but slapping so many restrictions and regulations to deal with hotcoldwetdry that it cannot be implemented correctly and in a cost effective manner.