"Close Win Predicted For Cap-and-Trade Bill" [1]
"The House could vote today on a measure to cap U.S. greenhouse gas emissions, with Democratic leaders predicting a tight victory for a behemoth bill that has grown more complex with each compromise.
The heart of the bill, which now runs to 1,201 pages, is a plan to reduce emissions to 17 percent below 2005 levels by 2020. To do that, it would create a cap-and-trade system, in which polluters would be required to accrue buyable, sellable credits for all the greenhouse gases they produce.
But the bill also contains a system of caveats, safety valves and rule changes meant to satisfy unhappy Democrats. The result is legislation that could transform the U.S. energy industry -- and allow both Wall Street and the Corn Belt to build a side business in carbon."
Paul Kane, Ben Pershing, and David A. Fahrenthold report for the Washington Post June 26, 2009.
[2]
See Also:
"Vote Set on House Climate Bill" (Washington Post) [3]
Major Provisions of Bill (AP) [4]
Farm-State Deal Pares Biomass Restrictions (Greenwire) [5]
Column: "For the Farm Lobby, Too Much Is Never Enough" (Washington Post) [6]
Dems, Obama Lobby Last Fence-Sitters (ClimateWire)
[7]
Handful of Dems Hold Key (AP) [8]
Obama Pushes for 'Historic' Energy Bill (Bloomberg) [9]
Gore Not Coming (Politico) [10]
Obama Pitches Bill as Job Creator (Washington Post) [11]
Dems Scramble for Votes (Politico)
[12]
Pelosi Tested (San Francisco Chronicle) [13]