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House emissions bill postpones decisions on cost

Post Time:Apr 01,2009Classify:Industry NewsView:166

The debate in Washington over climate change shifted into higher gear Tuesday as powerful California Democrat Henry Waxman introduced a bill to cut U.S. greenhouse-gas emissions, but without specifying how the costs would be levied on different sectors of the economy.

The more-than-600-page document published by Waxman, chairman of the House Energy and Commerce Committee, and Rep. Edward Markey (D., Mass.) represents the opening bid by the party's liberal leaders in the House in what promises to be a long struggle with more moderate Senate Democrats and Republicans over how to curb emissions, and whether to do it in the middle of a recession, according to an April 1 article in The Wall Street Journal.

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