The June 2nd plea by: Allianz of America; Catalyst Paper Corporation; FPL Group, Inc.; JohnsonDiversey, Inc.; Johnson & Johnson; Levi Strauss & Co.; National Grid, Nike, Inc; Novo Nordisk; Tetra Pak; and Xanterra Parks & Resort, working in conjunction with the World Wildlife Fund, fell on deaf ears, as Senate Democrats fell short of the 60 votes required to overcome a Republican filibuster.
President George W. Bush has consistently opposed any economy-wide cap-and-trade plan and had vowed to veto this bill if Congress approved it.The bill sought to require business to reduce emissions by 19 percent before 2020 escalating to a ~70 percent reduction around 2050 along with a carbon trading scheme to help with transition and costs.
Senate leaders opposed to the bill used a variety of tactics during weeklong debate on the Senate floor, including a rare maneuver by Republicans that forced clerks to read an updated version of the 491-page bill aloud. That took 10 hours.
The gamesmanship involved with this bill has been overt. Specifically with actions taken by Senator Mitch McConnell (R-KY), labeled as "stonewalling" by Senator Reid, after McConnell forced a complete reading of the ~500 page bill on the senate floor, a process that required over eight hours to complete.