House committee OKs climate bill

The House Energy and Commerce Committee passed an energy and climate bill on Thursday that puts a cap on greenhouse gases in a way designed to give heavy polluters years to transition to low-carbon technologies.
The American Clean Energy and Security Act of 2009, sponsored by Congressmen Henry Waxman and Edward Markey, passed through the committee after four days of marathon “markup” sessions where dozens of amendments were considered.

The bill calls for a cap-and-trade system designed to reduce greenhouse gases and a mandate that would require utilities to get a portion of their electricity from renewable energy sources.
Concessions were made during negotiations, causing some environmental groups, including Greenpeace, to withdraw support for the bill and business groups to warn that the impact on new technology development will muted. See Full Article Here

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