Massachusetts yesterday pulled out of a landmark multistate pact to reduce carbon dioxide emissions from Northeast power plants, Governor Mitt Romney confirmed last night. Rhode Island also dropped out of the pact, according to two government officials involved in the negotiations. The two states wanted to cap how much power plants would have to pay to emit pollution, to protect businesses and consumers from increases in energy costs. The other states were willing to compromise, the government officials said, but not to go as far as Massachusetts wanted because they thought it would have undermined the pact's effectiveness.
An announcement of the pact was scheduled for today in New York, but it has been put on hold as the seven remaining states discuss changes because of the loss of the two states. The agreement is the largest effort in the nation to bypass President Bush's opposition to national limits on smokestack emissions of greenhouse gases, which are blamed for contributing to global warming. ''I believe it's a national embarrassment for Massachusetts to back out," said US Representative Martin T. Meehan, a Democrat from Lowell. He and the other members of the Massachusetts' congressional delegation sent a letter to Romney earlier yesterday urging him to sign the pact. ''Massachusetts should be at the forefront . . . not leading the opposition," Meehan said via telephone yesterday.
Romney said last night that he could not endorse a plan that did not include a ''safety valve," one that would cap the amount power plants would have to pay if they exceed emissions limits -- costs that could be passed on to businesses and consumers. ''New England has the highest energy rates in the country, and
would cost us more," Romney said in a telephone interview. ''We offered a simple safety valve and they rejected that and came back with a series of proposals to lessen the price escalation, but it was not a clean and sure safety valve."
Romney also said the program was largely symbolic and would not fix the worldwide problem of greenhouse gas emissions. He said that Massachusetts and other states would probably monitor the pact and that ''there is no hurry" to join.
EDIT
No, no, Mitt. No hurry. No hurry at all to do ANYTHING, even if it is "symbolic", right?
http://www.boston.com/news/local/massachusetts/articles/2005/12/15/mass_pulls_out_of_agreement_to_cut_power_plant_emissions/