President Bush to unveil new energy strategy today; expected to call for greenhouse emission caps for first time

US President George W. Bush is expected today to call for a change in the US climate change strategy, calling for “realistic” emission reduction targets. The administration is concerned about the Warner-Lieberman bill in the US Senate calling for stringent greenhouse gas emission caps, and a recent court ruling that would requiring the EPA to regulate carbon dioxide emissions.   The administration called a spate of court rulings a “regulatory train wreck”. Speculation has increased that the president may endorse mandatory caps on emissions, a move the Administration has resisted in the past.

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