Rumors have the Senate Majority Leader Harry Reid (D-NV) abandoning the Kerry-Yournamehere-Lieberman climate bill in favor of a clean energy-only bill. Moderate Democrats, led by Senator Jeff Bingaman (D-NM), believe the best foundation is the American Clean Energy and Leadership Act, S. 1462, a bill that passed the Energy & Natural Resources Committee last summer on a bipartisan vote.
By now, it's become gospel truth that environmentalists cringe at ACELA. But why? Is the bill that bad?
Actually, yes. Short summary (2 pg pdf) of bill here; analysis below the fold.
continued at Daily Kos....
