There is no guarantee that a private bill put forward by Democrat leaders will get into the lawbooks, but something we have been talking about for the past few years is just how the USA, without even having a Carbon Cap and Trade system, could introduce its own border adjustment mechanism. And Senator Sheldon Whitehouse has just got together with a few colleagues and proposed the Clean Competition Act, aimed specifically at just that. But we have to be careful here – China and India both are significantly more carbon intensive than the US economy, so this is specifically aimed at making imports of fossil fuels, refined petroleum, petrochemicals, fertilizer, hydrogen, adipic acid for making nylon, cement, Iron and steel,…