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ARTICLE · 02 SEPTEMBER 2008

Weekly Climate Change Policy Update - August 11, 2008

Van Ness Feldman LLP
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Energy policy has moved to the front burner in the contest for the White House. Sen. McCain has pushed to expand off-shore drilling. Sen. Obama expresses a new openness to drilling, but only as part of a comprehensive package of funding for alternative energy, a tax credit drawn from the "windfall profits" that oil companies allegedly are enjoying, and a draw-down from the Strategic Petroleum Reserve.

United StatesEnergy and Natural Resources

Article by Kyle W. Danish, Shelley N. Fidler, Andrea Hudson Campbell and Kevin M. Gallagher

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Commentary

Energy policy has moved to the front burner in the contest for the White House. Sen. McCain has pushed to expand off-shore drilling. Sen. Obama expresses a new openness to drilling, but only as part of a comprehensive package of funding for alternative energy, a tax credit drawn from the "windfall profits" that oil companies allegedly are enjoying, and a draw-down from the Strategic Petroleum Reserve. It is becoming increasingly clear that any future federal climate change program will need to be wrapped into a broader energy policy package . . . Massachusetts appears prepared to adopt the most ambitious emissions cap seen yet among the states . . . Officials working on

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