WASHINGTON — Senate Democrats on Thursday gave up plans to attempt to pass an energy bill that caps greenhouse gases blamed for global warming, abandoning a priority of President Barack Obama.
Obama had hoped to add a climate bill to the two biggest legislative successes of his presidency, a comprehensive health care bill and a broad reform of the U.S. banking and financial sector.
Read the full article here - http://www.huffingtonpost.com/2010/07/22/climate-bill-senate-democ_n_656175.html
This will undoubtedly have a dramatic effect on America's environmental markets. Now is the time for investors to focus their efforts on other regions of the world. Specifically areas that recognize a mandate for climate change based on their laws and policies. At least until the next U.S. election.
The question is: which region globally is best for investors?