Murkowski – reading the tea leaves

It’s not yet clear what she’ll say Monday on the floor, but last Tuesday Murkowski told The Hill that “we continue to look for ways to ensure that we don't kick the economy in the head by way of EPA regulations.”

Whatever she says Monday, though, it will be her second set of comments in recent days about climate.

Murkowski, the ranking Republican on the Senate Energy and Natural Resources Committee, is viewed as a swing vote in the Senate climate debate. She had some nice – if extremely hedged – things to say Friday about a new bipartisan climate bill introduced by Sens. Maria CantwellMaria Elaine CantwellDemocrats request info on 'repeated environmental concerns' at Ohio pipeline Booker to stop accepting donations from corporate PACs Gillibrand vows to refuse donations from corporate PACs MORE (D-Wash.) and Susan CollinsSusan Margaret CollinsOvernight Tech: Judge blocks AT&T request for DOJ communications | Facebook VP apologizes for tweets about Mueller probe | Tech wants Treasury to fight EU tax proposal Overnight Regulation: Trump to take steps to ban bump stocks | Trump eases rules on insurance sold outside of ObamaCare | FCC to officially rescind net neutrality Thursday | Obama EPA chief: Reg rollback won't stand FCC to officially rescind net neutrality rules on Thursday MORE (R-Maine).

Their plan imposes emissions limits on fossil energy sources entering U.S. commerce, sends most of the money from government auctions of emissions permits back to taxpayers, and would freeze Wall Street banks out of the emissions permit trading market.

Murkowski pronounced herself “encouraged” by the bipartisan effort to “advance a more sensible approach” to emissions reductions. But she added:

“None of the legislation introduced so far contains adequate preemption of harmful EPA regulations, and we must explore the implications of limiting market participation since doing so could subject regulated entities to significant price uncertainty.”

Let’s see what she says Monday afternoon.