In it, but not of it. TPM DC

Obama Acknowledges Senate Unlikely To Adopt Pollution Limits

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Newscom / x10

The remarks represent the first time the President has acknowledged that the Senate may not be willing to adopt a cap and trade system: the central feature of the climate change initiative that Obama ran on during the 2008 campaign.

Obama's tacit acceptance of the move to drop emissions pricing from a comprehensive climate and energy bill appears to make that result only more likely--and will likely raise the ire of environmentalists, who see an emissions market as key to addressing the dangers of climate change.

[ed. note: This post has been edited from the original.]