And there’s no way to separate them:
Rahm Emanuel, chief of staff to President Barack Obama, said in little-noticed remarks Friday that his administration will consider a climate change bill that only includes carbon caps on electric utilities…
The proposal would be a boon to the oil and steel industries, as well as US manufacturers, who have argued that capping their carbon emissions would reduce their competitiveness overseas. President Obama has taken heat from liberals after a primetime speech on the BP oil spill failed to include aggressive proposals for climate change laws.
A watered-down, utilities-only climate change bill would greatly leverage the profitability of US nuclear power generator Exelon, an Illinois-based company that provides the largest share of power from nuclear reactors of any company in the United States. Exelon operates six active nuclear reactors in Obama’s home state.
Prior to joining the Obama Administration, Emanuel actually helped create Exelon by advising on the merger of two companies. Exelon also employed senior White House adviser David Axelrod as a consultant.