The continuing undersea gusher of oil 50 miles off the shores of Louisiana is not the only source of dangerous uncontrolled pollution spewing into the environment. Worldwide, the amount of man-made CO2 being spilled every three seconds into the thin shell of atmosphere surrounding the planet equals the highest current estimate of the amount of oil spilling from the Macondo well every day.
Details about the forthcoming Senate climate bill are still scarce, alas. As mentioned earlier, the hot rumor of late is that Kerry, Graham, and Lieberman are planning to unveil a plan that would have a cap-and-trade system for emissions from electric utilities and then a separate "carbon fee" for oil and other transportation fuels, with the revenue either getting funneled back to consumers or used for projects that reduce oil consumption. And there are even some signs that this strategy could boost the bill's chances of passage.