May 3, 2010
This is another of the famous quotes from Yogi Berra that I like to reference, and I find it very applicable to the climate bill working its way through the Senate.
Senator Lindsay Graham, the most visible Republican supporter for the draft, recently threatened to derail the bill when immigration suddenly rose as the newest issue. When asked about the climate legislation, he said, “The business community is on-board with this proposal, and they were against Waxman-Markey.” “I think it’s a damn good solution.”
Graham was interviewed last week in the Washington Post. See the entire interview to learn how he is really moving the effort forward.
On another note, Intercontinental Exchange (ICE) agreed to buy the Climate Exchange Plc for £395 million (approximately $606 million), a 57% premium to the prior day’s closing price. While some analysts question the timing and pricing, one fact may not be appreciated: EU carbon prices are trading at an 11-month high of €16.36 ($21.63) per metric ton.
And, while Congress and investors call for more transparency, this is a big step for the developing carbon markets.
Maybe ICE knows where it’s going.