Cap-and-Trade Bill in Congress Quickly Gaining Momentum

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This week, the U.S. House of Representatives Committee on Energy and Commerce is marking up “The American Clean Energy and Security Act” (H.R. 2454), introduced by Representatives Henry Waxman (D-CA) and Ed Markey (D-MA). The bill proposes to create a cap-and-trade system aimed at reducing greenhouse gas (“GHG”) emissions from electricity providers and large industrial sources that emit over 25,000 tons of GHGs annually.

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