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Climate-Change Bill Avoids ‘Cap-and-Trade’ Tag in U.S. Senate

Posted By admin On April 22, 2010 @ 4:47 am In Featured Stories,Sci Tech | Comments Disabled

Kim Chipman and Simon Lomax
Bloomberg [1]
April 22, 2010

When Tea Party activists began protesting last July, it wasn’t the health-care overhaul that set them off. The target was a cap-and-trade bill, designed to limit carbon emissions, that had passed the U.S. House of Representatives a few days before.

Their anger, along with opposition from some Democrats, stalled the bill in the Senate. By winter, polls showed more Americans were questioning whether climate change was even a concern. Senator Lindsey Graham, a South Carolina Republican who favors climate action, told reporters March 2 that “cap-and- trade is dead.”

Now Graham, John Kerry, a Massachusetts Democrat, and independent Joe Lieberman of Connecticut are preparing to introduce a compromise bill in the Senate. They have indicated it will include a mandatory, declining limit on carbon emissions in the electric-power industry while giving utilities the right to buy and sell carbon allowances.

The senators aren’t calling it “cap-and-trade,” though. The legislation is about “pricing carbon,” Graham told reporters in Washington last month.

Full article here [1]

Climate Change Bill Avoids ‘Cap and Trade’ Tag in U.S. Senate 140410banner4 [2]


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URLs in this post:

[1] Bloomberg: http://www.businessweek.com/news/2010-04-22/climate-change-bill-avoids-cap-and-trade-tag-in-u-s-senate.html

[2] Image: http://infowars-shop.stores.yahoo.net/post4rioffe.html

[3] Graham Pulls Support for Major Senate Climate Bill: http://www.prisonplanet.com/graham-pulls-support-for-major-senate-climate-bill.html

[4] Carbon Tax Bill May Be Dead After Shock Graham Reversal On Climate Change: http://www.prisonplanet.com/carbon-tax-bill-may-be-dead-after-shock-graham-reversal-on-climate-change.html

[5] Senate’s climate bill a bit more ambitious: http://www.prisonplanet.com/senates-climate-bill-a-bit-more-ambitious.html

[6] Climate change bill to be unveiled without key GOP supporter: http://www.prisonplanet.com/climate-change-bill-to-be-unveiled-without-key-gop-supporter.html

[7] Gibbs suggests climate measures could be added to Senate bill: http://www.prisonplanet.com/gibbs-suggests-climate-measures-could-be-added-to-senate-bill.html

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