Monday, September 21, 2009

Duke CEO makes predictions about climate legislation timeline

Posted By on Mon, Sep 21, 2009 at 11:49 AM

Am I the only one who worries when CEOs — any CEO — predict what will happen in Washington?

Climate change legislation is unlikely to pass the U.S. Congress until the first half of 2010, and maybe not until 2011, Duke Energy Corp Chief Executive Jim Rogers said on Friday.

Rogers is one of the biggest supporters of national carbon-cutting rules among power utility executives and is active on Capitol Hill both in relations with lawmakers and as a Congressional witness.

Rogers said he has not ruled out passage of legislation this year, but believes that it is highly unlikely.

If the bill does not pass in the first half of 2010, Rogers said "it won't be done until 2011 because 2010 is an election year."

Rogers made his comments at an energy symposium at the University of Michigan.

About half the power generated in the United States comes from coal-fired plants.

Duke Energy is the third-leading U.S. emitter of carbon dioxide, the main greenhouse gas that causes global warming.

Rogers has set himself apart from many power utility executives in supporting carbon-cutting legislation. Electric power generation creates about 40 percent of U.S. greenhouse gases.

Read more from Reuters.

In related news: The EPA put a hold on 79 mountain-top removal mining sites in Appalachia to ensure they comply with Clean Water Act rules on burying streams under tons of rubble.

Thousands rally in Washington for clean energy:

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