Energy industry concerned Obama could pursue end-run on climate change rules
The United States has joined nearly 200 countries at a United Nations climate summit in Doha, Qatar, this week with the primary goal of coming together on a treaty aimed at preventing what activists are calling dangerous climate change.
Some point to superstorm Sandy as a primary example of the need to curb emissions that they believe are fundamentally disrupting the way Earth’s ecosystem works. They would like to have a treaty signed by 2015.
But many in the energy industry are concerned the Obama administration, fresh off a re-election win, will go too far with a radical environmental strategy that will have a negative impact on U.S. businesses and consumers – not just through the U.N., but executive edict.
“They brought hundreds of millions of dollars into his re-election campaign,” said Michael Whatley, vice president of the Consumer Energy Alliance. He believes the president delayed consideration of the Canada-to-Texas Keystone XL Pipeline because he couldn’t afford to lose allies in the environmental sector, and may now feel pressure to deliver to those groups. Indeed, on the night of his re-election, Obama vowed the U.S. would be a leader in combating a “warming planet.”