Australia Senate poised to Nix Cap and Trade

http://www.realclearpolitics.com/articl ... 97148.html

As the US Congress considers the Waxman-Markey cap-and-trade bill, the Australian Senate is on the verge of rejecting its own version of cap-and-trade. The story of this legislation's collapse offers advance notice for what might happen to similar legislation in the US—and to the whole global warming hysteria.

Since the Australian government first introduced its Emission Trading Scheme (ETS) legislation—the Australian version of cap-and-trade energy rationing—there has been a sharp shift in public opinion and political momentum against the global warming crusade. This is a story that offers hope to defenders of industrial civilization—and a warning to American environmentalists that the climate change they should be afraid of just might be a shift in the intellectual climate.