FRESNO, Calif., Sept. 23, 2008

Obama And McCain On Climate Change

CBS Evening News: Breaking Down The Candidates' Stances On Reducing Emissions, Preserving Nature

  • Video Where They Stand

    Where do the presidential candidates stand on climate change? John Blackstone spoke with John Fiscalini, a dairy farmer from Modesto, CA.

  • Video Candidates On Climate Change

    Where do the presidential candidates stand on climate change? John Blackstone reports both propose measures that sound the same, but there are differences between them.

  • Both the candidates stress the importance of fighting climate change - but each of their policy plans could affect people - and even penguins - differently.

    Both the candidates stress the importance of fighting climate change - but each of their policy plans could affect people - and even penguins - differently.  (AP)

  • Interactive Campaign 2008

    Profiles of the candidates, polls, fund-raising, blogs, video and more.

Climate Change
The fourth installment of the series examines where each candidate stands on carbon emissions and the environment.
Both Candidates:
  • Support joining international efforts to curb greenhouse gases and pressing nations like China and India to do the same.
Obama's Plan:
  • Would cut greenhouse gas emissions in the U.S. by 80% by 2050 through a cap and trade program.
  • Would charge companies for all emission permits.
McCain's Plan:
  • Wants to cut greenhouse gas emissions in the U.S. by at least 60% by 2050 through a cap and trade program.
  • Would provide emission permits for free and allow companies to sell unused ones.

(CBS)  To help you make an informed decision in the presidential election, CBS News is devoting a large part of our broadcasts until Nov. 4 to telling you where the candidates stand on major issues - from the war in Iraq to health insurance to education … and a lot more. Each piece will be an in-depth look at the issues facing the 44th president. In this installment, CBS News correspondent John Blackstone reports on how the proposed policies of Barack Obama and John McCain to deal with climate change would affect you.



The Issue

The Adelie penguin colony at Cape Royds, Antarctica, is already feeling the impact of global warming - and that's where CBS News correspondent John Blackstone first met penguin researcher Jean Pennycook earlier this year. She was worried.

"If the ice goes away, these penguins will no longer be able to survive," she said. "So as we see the ice decrease, the penguins will struggle to exist."

When she's not in Antarctica observing the penguins, Pennycook teaches about them in Fresno, Calif.

"So this was more melting than we'd ever seen before - and it was because it was a warmer year," Pennycook said to a class.

She shows her photos of penguins flooded out by fast-melting glaciers. Ice loss in Antarctica has increased by 75 percent in the last dozen years due to global warming.

"How many of you think that to save the penguins, you'd be willing to walk to your friend's house rather than take the car?" she asked her class.

One hundred miles north of Fresno, near Modesto, Calif., John Fiscalini would like to be part of the global-warming solution. But for now his 3,000 cows are part of the problem.

Each cow produces plenty of milk.

"They're basically giving 85 to 100 pounds of milk a day," Fiscalini said.

But cows also make methane, a potent greenhouse gas. The United Nations calculates livestock are responsible for 18 percent of greenhouse gas emissions worldwide - even more than cars.

"They have just been escaping up into the environment and contributing to climate change," he said.

So Fiscalini has called in Brian Gannon, who builds methane digesters that capture the gas.

The methane from 300 tons of manure a day will go through a generator making enough electricity to run the whole farm - with power left over to sell to the local utility.


The Candidates

Both presidential candidates are pushing pollution-cutting efforts like these. Just recognizing climate change as an issue is a big change from the past eight years.

Both candidates say they'll join international climate change efforts that the Bush administration has ignored, and will press China and India to cut greenhouse gases.

Back home, both would start with modest greenhouse gas reductions - then increase cutbacks for 40 years into the future.

McCain said while in Santa Barbara: "Until we have achieved at least a reduction of 60 percent below 1990 levels by the year 2050."

Obama goes further.

"I've put forward very substantial proposals to get 80 percent reductions in greenhouse gasses by 2050," Obama told CBS News.

Both would reach those goals largely thru a "cap and trade" program that works like this:

  • The government sets an annual cap or limit on carbon emissions and issues permits up to that limit to companies that release greenhouse gases.
  • If a company reduces its emissions, it can sell or trade its unused permits to a company that can't meet emission goals.

    "Leadership must begin at home. That's why I've proposed a cap and trade system to limit our carbon emissions and to invest in alternative sources of energy," Obama said in May in Miami.

    And McCain, in Santa Barbara, said: "I have proposed a new system of cap-and-trade that over time will change the dynamic of our energy economy."

    The candidates sound the same, but there are differences.

    McCain would give companies most of the emissions permits for free based on their previous emission levels. Then if they cut back, they can make money selling unused permits.

    He said in Portland. "In all its power, the profit motive will suddenly begin to shift and point the other way toward cleaner fuels, wiser ways, and a healthier planet."

    Obama would sell all emission permits at auction, so companies would have to pay for every ton of carbon they release. Money raised would be used to develop renewable energy and to subsidize consumers' energy bills.

    By one estimate a cap and trade program could raise the average family energy bill more than $700 a year.

    In the August, 2007 Democratic primary debate, Obama said: "There are some things that we can do to conserve energy, but all those steps are going to require a little bit of hardship and a little bit of pinching."

    The Impact

    None of this clean energy comes cheap. Just ask John Fiscalini.

    His new generator alone cost $1 million.

    Learn more about this issue at Couric & Co. blog.
    "Being the greenest person on the planet and losing money is not going to keep me in my business for very long," he said.

    So he's glad both McCain's and Obama's cap and trade program would give him credit for greenhouse gases he's capturing … so he could sell them to a company that needs more pollution permits.

    "I just happen to be one of those people who kind of enjoys being out in front of the pack," he said.

    Jean Pennycook knows whoever is elected, the Antarctic ice is unlikely to stop melting anytime soon. But she's relieved the next president won't deny it is happening.

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    Add a Comment See all 63 Comments
    by tbuckl September 27, 2008 1:13 AM EDT
    I want to vote to the person who will follow this GREAT American idea and concept and return my America to me and my fellow citizens forthwith..."We hold these truths to be sacred & undeniable; that all men are created equal & independent, that from that equal creation they derive rights inherent & inalienable, among which are the preservation of life, & liberty, & the pursuit of happiness; that to secure these ends, governments are instituted among men, deriving their just powers from the consent of the governed; that whenever any form of government shall become destructive of these ends, it is the right of the people to alter or to abolish it, & to institute new government, laying its foundation on such principles & organizing its powers in such form, as to them shall seem most likely to effect their safety & happiness." Thomas Jefferson
    Reply to this comment
    by truthtell22 September 26, 2008 7:55 PM EDT
    Man made climate change will turn out to be the biggest fraud in our history. To think we understand why the earth is/was warming is is arrogant. So why hasn''t the earth''s temperature gone up in the last 7 years? We are consuming more and omitting more greenhouse gasses than ever before. Some places in the world are warming while other are cooling. Do we know why?
    Someone needs to explain to me this, I have lived my whole life believing in the scientific fact that there were nine planets in our solar system. Now new scientific facts point to another conclusion. So maybe science isn''t always right.
    Reply to this comment
    by imprudent September 24, 2008 11:01 PM EDT
    CNN: Both Obama and Biden twice voted for "bridge to nowhere."

    http://www.cnn.com/2008/POLITICS/09/23/biden.earmarks/index.html
    Reply to this comment
    by walkshe September 24, 2008 10:36 PM EDT
    Can''t say that I''m a bible thumper, but I do believe that "God helps those who help themselves". So, if we do nothing, we''re not really helping anyone. And yes, I believe that many of the weather changes are cyclical in nature. But, if things that we (humans) are doing are contributing to the timeframe of that change, we certainly need to back off from Mother Nature and let Her do Her own thing in Her own time. Sometimes, the ego of the human mind simply amazes me. We feel that our "superior knowledge" gives us the right to change what Mother Nature has taken eons to perfect. Humans can, in one generation, make ecological changes that can never be reversed.

    Too bad that we lost so much of the tradition of the Native American - living WITH the land. Maybe they could teach us something now.
    Reply to this comment
    by jojo9357-2009 September 24, 2008 4:38 PM EDT
    OneAmerican6, did you read the article? And what,exactly are your credentials for making your observations?

    He did read the article, but the article is inaccurate. It is an outright lie. Just because the article said it, doesn''t mean it''s true. Look it up for heavens sake.
    Reply to this comment
    by jojo9357-2009 September 24, 2008 4:34 PM EDT
    From the end of 2005 through last month, according to two people with direct knowledge of the arrangement. Davis''''s firm, the Washington, D.C. based lobbying firm Davis Manafort, continued to receive $15,000 a month from Freddie Mac.

    Why is it that McCain associations are poison while Obama''s are in the past and didn''t really mean anything?
    Reply to this comment
    by bigmj9 September 24, 2008 3:31 PM EDT
    "Climate Change" has become a political football rather than objective science. What can a regular person do to really cut thru all the ***? Oh well...I''ll buy a sweater for global cooling and some shorts for global warming. Boy Scout motto.."Be Prepared!"
    Reply to this comment
    by wdrussell1 September 24, 2008 2:21 PM EDT
    Anybody who tells you that GOD wants us to treat the Earth like a slum landlord would, is lying to you.
    Reply to this comment
    by ubrew12 September 24, 2008 1:52 PM EDT
    As of April, this year, permafrost is melting in Siberia, releasing 5 times as much methane as scientists had thought. From one article, "The permafrost has grown porous, says Shakhova, and already the shelf sea has become ''a source of methane passing into the atmosphere.'' The Russian scientists have estimated what might happen when this Siberian permafrost-seal thaws completely and all the stored gas escapes. They believe the methane content of the planet''s atmosphere would increase twelvefold. ''The result would be catastrophic global warming,'' say the scientists. The greenhouse-gas potential of methane is 20 times that of carbon dioxide, as measured by the effects of a single molecule."

    Not all feedback mechanisms to our planets warming are negative. There''s plenty of evidence that the positive feedbacks (and methane release from melted Arctic permafrost is one of the worst) are sufficient to extinguish all life on earth. Its time to take Global Warming seriously. Past time.
    Reply to this comment
    by ubrew12 September 24, 2008 1:40 PM EDT
    usapride70 said: "As evidenced by the failure to pass the Federal Housing Enterprise Regulatory Reform Act of 2005, the Democrats in Congress have repeatedly fought back Republican Party efforts to reform the two mortgage banking giants."

    So, the minority party blocked legislation wanted by the majority party that was in control of both congress and the white house?

    Do you understand what living in a Democracy means?
    Reply to this comment
    by godseyesore-2009 September 24, 2008 1:12 PM EDT
    sistermay99...what an idiot you are.
    Reply to this comment
    by usapride70 September 24, 2008 12:26 PM EDT
    Fannie Mae and Freddie Mac are on both sides of the isle. You can''t whip up on McCain without throwing a few licks Obama''s way.
    Reply to this comment
    by usapride70 September 24, 2008 12:24 PM EDT
    continued....
    The bill passed the House but was never brought up for a vote in the Senate, largely because of Democratic opposition to change in the Fannie Mae and Freddie Mac regulatory structure that remained in place until the Treasury takeover two weeks ago.

    As evidenced by the failure to pass the Federal Housing Enterprise Regulatory Reform Act of 2005, the Democrats in Congress have repeatedly fought back Republican Party efforts to reform the two mortgage banking giants.

    Instead, Democrats in Congress have sought to preserve the quasi-governmental status of the mortgage giants, seeing Fannie Mae and Freddie Mac as places to locate former top Democratic Party operatives, where they have earned millions in compensation, despite a continuing series of financial scandals. Enron-like accounting manipulation, for example, boosted earnings to a level at which massive executive bonuses could be paid.

    In the aftermath of the U.S. government takeover, attention has focused on three Democrats with close ties to Obama who served as Fannie Mae executives: Franklin Raines, former Clinton administration budget director; James Johnson, former aide to Democratic Vice President Walter Mondale; and Jamie Gorelick, former Clinton administration deputy attorney general.

    All three Obama-related executives earned millions in compensation from Fannie Mae.
    Reply to this comment
    by usapride70 September 24, 2008 12:22 PM EDT
    Off Subject for a moment

    http://www.wnd.com/index.php?fa=PAGE.vie
    w&pageId=75586

    A review of Federal Election Commission records back to 1989 reveals Obama in his three complete years in the Senate is the second largest recipient of Freddie Mac and Fannie Mae campaign contributions, behind only Sen. Christopher Dodd, D-Conn., the powerful chairman of the Senate banking committee. Dodd was first elected to the Senate in 1980.

    In contrast, McCain warned of the coming mortgage crisis as he pressed in 2005 for regulatory reform of Fannie Mae and Freddie Mac.

    "For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac %u2013 known as government-sponsored entities or GSEs %u2013 and the sheer magnitude of these companies and the role they play in the housing market," McCain said on the floor of the Senate in 2005, speaking in favor of the Federal Housing Enterprise Regulatory Reform Act of 2005.

    McCain pointed out Fannie Mae''''s regulator had stated the company''''s quarterly reports of profit growth over the past few years were "illusions deliberately and systematically created" by the company''''s senior management, which resulted in a $10.6 billion accounting scandal.
    continued.....
    Reply to this comment
    by ofbyfor2 September 24, 2008 11:46 AM EDT
    Now you liberals can trash me because I believe in Jesus and not Muslim.

    Posted by sistermay99 at 08:18 AM : Sep 24, 2008

    I have no problem with Jesus. As a matter of fact, this liberal wishes that people would try harder to live by his teachings.

    My point was that ''God helps those who help themselves and since he gave each of us a brain, he expects us to use them. Putting your head in the sand and saying ''whatever'' is an insult to God. He''s going to ask us why we were too lazy and stupid that we didn''t help to protect this beautiful earth that he created for us. We are supposed to be the ''stewards'' of the earth, remember? Geez, even the evangelicals are starting to see that point.
    Reply to this comment
    by ofbyfor2 September 24, 2008 11:41 AM EDT
    Will doesn''''t like McCain. McCain leans too much to the center for Will. McCain wants to be President to all the people, not selected ones that Will would like.

    Posted by sistermay99 at 08:13 AM : Sep 24, 2008

    If George Will, an ultra-conservative, is recommending Obama as the better candidate, I don''t think that it''s because he finds McCain to be too moderate.

    Your lack of logic is absurd!!
    Reply to this comment
    by ofbyfor2 September 24, 2008 11:38 AM EDT
    IT''''S A NATURAL CYCLE, PEOPLE. LIVE WITH IT.

    Posted by adillon70 at 08:12 AM : Sep 24, 2008

    Doesn''t matter whether it''s man-made, a natural cycle or a combination of both. The results will have a HUGE effect on civilization as we know it.

    He11, even Bush admits that it''s happening.

    Whatever we can do to decrease the consequences is going to help buy us time. In fact, an increase in R&D into ''green'' technologies is probably the best hope for renewed business in our country. We SHOULD be the world leader in this area. It would be an incredible boost to our economy if we could get off our duffs and do it.

    If you thought 9-11 and the current Wall St meltdown was bad, wait until Manhattan is under water and see what happens to our economy then.

    Hope you don''t live near the shore.

    BTW, the least that we might expect is to leave our kids a healthier planet.

    Got a problem with that?
    Reply to this comment
    by ofbyfor2 September 24, 2008 11:26 AM EDT
    ALL OF you global alarmists are crazy. CRAZY CRAZY and weird too!

    Posted by CarlyLaine at 04:25 AM : Sep 24, 2008

    Have fun living under water...
    Reply to this comment
    by ofbyfor2 September 24, 2008 11:24 AM EDT
    dont ever make fun of God.
    you''''ll be sorry in the end and you will see just who got the last laugh.

    Posted by fenner at 04:19 AM : Sep 24, 2008

    You make fun of God everytime you post here with your mindless drivel.

    God gave you a brain because he expected you to USE it!
    Reply to this comment
    by ofbyfor2 September 24, 2008 11:22 AM EDT
    this was not a publicity stunt - - she was theire for serious exchange of ideas and direction not a photo-op!

    she finally let them get their little pictures and then shooed them out...AS IT SHOULD BE.

    govererning is not just for the cameras, you know. IT IS A SERIOUS THING.

    Posted by FENNER at 04:15 AM : Sep 24, 2008

    Funny how she was willing to allow cameras, but is too afraid to answer any questions. In other words, it was nothing BUT a photo op.

    The American people deserve to hear answers from candidates.
    Reply to this comment
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