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...bill's passage is a palpable victory for House Speaker Nancy Pelosi and President Barack Obama - who both made a last-minute push to snap wavering Democrats back in line - and a landmark for the environmental movement. "The American Clean Energy and Security Act is the most important environmental and energy legislation in our nation's history," said Fred Krupp, the president of the Environmental Defense Fund (EDF). "Today's vote is a huge achievement for the country and the climate." (Watch TIME's video: "The Truth About Wind Power...

Author: /time Magazine | Title: What the Energy Bill Really Means for CO2 Emissions | 6/27/2009 | See Source »

More than anyone on Capitol Hill, Pelosi has staked her reputation on the bill, which would require a 17% reduction of greenhouse gases by 2020 from 2005 levels and about an 80% reduction by midcentury. A failed vote could be devastating to her embattled speakership. Pelosi spent much of Wednesday and Thursday cajoling her members on the phone, in meetings, on the House floor during votes, even following a member into the Speaker's lobby - the domain of the press - to make her case in full view of a pack of reporters. She also met with seven GOP moderates...

Author: /time Magazine | Title: Global-Warming's Rough Ride Through Congress | 6/26/2009 | See Source »

...Nancy Pelosi gets her way by the end of the week, the U.S. House of Representatives will have passed landmark global-warming legislation. But you might not know it from the near unanimously bad reviews so many different interested parties are giving it. Groups as disparate as the U.S. Chamber of Commerce, Greenpeace, Friends of the Earth, the Farm Bureau, the American Petroleum Institute and the National Association of Manufacturers have expressed either strong concerns or outright opposition to the bill...

Author: /time Magazine | Title: Global-Warming's Rough Ride Through Congress | 6/26/2009 | See Source »

...wasn't supposed to be this way. Global warming has long been a Democratic priority - and with House Speaker Pelosi and President Barack Obama behind it, many didn't think Democrats would have had such a hard time reaching a consensus on legislation. But getting enough rural and moderate Democrats to sign on was no easy task; the final (some would say watered down) deal is a hard-won, middle-of-the-road bill that is still likely to lose Democratic votes from both the right and the left, though it may gain some moderate Republicans. (Read "Global Warming...

Author: /time Magazine | Title: Global-Warming's Rough Ride Through Congress | 6/26/2009 | See Source »

...boost to Democrats, last week said the program would cost the average family $175 in 2020. Whatever the expense, Republicans are labeling the bill as a carbon tax that - on top of the stimulus and the push for health-care reform - America's families can ill afford. "Nancy Pelosi's having a tough time getting the votes for that bill," Representative Eric Cantor, the No. 2 House Republican, said Wednesday on Fox News. "Simply because, I think, the American people are waking up to the cost and consequences of the Democrats' agenda. They're spending money that...

Author: /time Magazine | Title: Global-Warming's Rough Ride Through Congress | 6/26/2009 | See Source »

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