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Morning Update: Energy Policy

by campaign2008
June 25, 2008

Sen. John McCain (R-AZ) and Sen. Barack Obama (D-IL) both gave speeches on energy policy on Tuesday. McCain promoted his plan to implement a cap-and-trade system for carbon emissions, which he said will “give American businesses new incentives and rewards to seek, instead of just giving new taxes to pay and new orders to follow.” Obama again called for higher fuel standards and criticized proposals for domestic oil exploration and a gas tax holiday.

LATIN AMERICA: McCain will travel with Sen. Lindsey Graham (R-SC) and Sen. Joe Lieberman (I-CT) to Mexico and Colombia (ChiTrib) during the July 4 congressional recess to meet with the presidents and other leaders of those countries.

ISRAEL: Both candidates signed letters (Politico) to President Bush in defense of Israel ‘s right to defend itself on Tuesday.

ZIMBABWE: Obama on Tuesday released a statement condemning the recent actions of Zimbabwean President Robert Mugabe and calling for “fresh elections” in that country.

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