Sunday, May 31, 2009

Greenhouse Gas Reduction Bill Moves Forward

Click here for details on the Waxman-Markey climate change that recently made it out of the House Energy and Commerce Committee:

The bill ‘s centerpiece is a greenhouse gas cap-and-trade program that aims to reduce emissions 17 percent below 2005 levels by 2020, and 83 percent by 2050. Roughly 15 percent of the carbon permits in the framework would be auctioned off, with the remaining permits given away to a variety of interests, such as electricity distributors, natural gas companies, oil refiners and carbon-intensive industries, such as steel and cement. (Excerpt from the article)

The bill will face many challenges on its way to passage. You can easily write your legislators to express your opinion through the links provided on Black and Into Green.

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