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Inhofe, other senators defeat climate bill

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Oklahoma Senator Jim Inhofe is claiming victory in the defeat of a bill aimed at curbing greenhouse gas emissions and global climate change.

The bill " which would have capped carbon dioxide emissions but also allowed for the exchange of emissions "credits" between emitters " fell short of 60 votes needed to override a filibuster by senate Republicans.

Proponents of the law hoped it would have been part of a plan to cut greenhouse gas emissions 70 percent by 2050. Inhofe said that if the bill would have been made law, it would have been a de-facto tax increase.

"Already facing skyrocketing prices at the gas pump, in our homes, and at the grocery store, Oklahomans are rightfully asking why the U.S. Senate spent the past week debating legislation that would push costs even higher," Inhofe said in a statement. "Unfortunately, many Washington, D.C. politicians believe that the best way to approach any issue is to raise taxes, regulate more, and increase the size of the federal bureaucracy."  "Ben Fenwick

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