McCain on Cap on Emissions
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McCain co-sponsored the first mandatory cap-and-trade bill in the US Senate in 2003, the Lieberman-McCain Climate Stewardship Act. It was a worthy gesture for its time. But it did not pass the Senate.
He vocally opposed the 2007 watered-down version of the bill, Lieberman-Warner, for not piling on the nuclear hand-outs.
He is strongly opposed to a carbon tax. And, in an odd show of cap-and-trade jujitsu, he recently dared to suggest that the climate bill he supported is not a mandatory cap on emissions.
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