Thursday, May 13, 2010

Senate Democrats Unveil Cap And Tax Legislation

In a bid to use shock over the oil spill in the Gulf of Mexico, Senator's John Kerry and Joe Lieberman have unveiled the Senate version of Cap and Trade. The bill seeks to cut carbon emissions by 80% by 2050 through use of what Senate Majority Leader Mitch McConnell called "a job-killing national energy tax." No Republican is currently supporting the bill. Many think anthropogenic global warming by CO2 has been called into question by the Climategate scandal.

AP reported:
Sens. John Kerry and Joe Lieberman unveiled a long-awaited bill Wednesday that aims to curtail pollution blamed for global warming, reduce oil imports and create millions of energy-related jobs.

The 987-page bill, the product of more than seven months of negotiations and tweaked recently in response to the Gulf oil spill, also includes new protections for offshore drilling and for the first time would set a price on carbon dioxide emissions produced by coal-fired power plants and other large polluters.

1 comment:

Unknown said...

This thing will turn us into Spain, if it passes. I think this fight is even more important than health care.