March 4, 2009 - "Invest in What Works"

From an article by Dina Cappiello of the Associated Press, as printed in The Spokesman-Review on March 2, 2009:

The focus of the story was on the difficulties faced by the House of Representatives as it tries to make the Capitol Power Plant "green" and reach a net zero emissions profile. Investments have been made to improve the energy efficiency and to switch a portion of the load to natural gas in lieu of coal. In addition, the House has been purchasing carbon offsets, the same carbon offsets that would be part of a cap and trade system. To quote the article:

"The House spent $89,000 in 2007 and 2008 in part to cancel out the remaining portion of its carbon dioxide emissions at the plant. But on Friday the House said it would no longer purchase offsets because there was no way to verify whether the investment actually results in carbon neutrality."

President Barack Obama, in a sound bite moment on CNN today, talked about improving government contracting and saying it is time for America to "invest in what works." Apparently the House of Representatives has concluded that cap and trade doesn't work.