Last night, President Obama held a press conference and said he believes comprehensive energy legislation, as well as cap-and-trade legislation, will be passed by this Congress. He did not, however, give a timeline for when he expects the legislation to be passed. The President believes this legislation is crucial to begin moving America towards a “new energy era.” He said, “That's a potential engine for economic growth. I think cap-and-trade is the best way, from my perspective, to achieve some of those gains, because what it does is it starts pricing the pollution that's being sent into the atmosphere."