Pelosi: Energy Bill Should Do It All

Speaker of the House Nancy Pelosi on Tuesday called for efforts to create energy independence and to combat climate change to be wrapped into one large energy package. It's a position she had not previously adopted, but one which has been advocated by Energy and Commerce Committee Chairman Henry Waxman, also a California Democrat. "I would like to see one bill, which is the energy bill, with the cap and trade and the grid piece," Pelosi told a gathering of liberal journalists in the Capitol building. A House bill from last session, backed by Pelosi, called for 15 percent of U.S. energy production to come from renewable sources by 2020. A Pelosi spokesman said that she is calling for the establishment of renewable energy standards in the new legislation. The cap-and-trade bill would also set a limit on carbon emissions and create a regime in which companies can trade credits that would allow emission of a certain amount of carbon. Pelosi also referenced investment in a "smart grid" that ... (link)