http://news.stv.tv/environment/81982-us-climate-change-takes-center-stage-in-congress/ U.S. climate change takes center stage in Congress
WASHINGTON (Reuters) - With climate change legislation a top U.S. priority for Democrats this year, lawmakers began zeroing in on Thursday on ways to ease the financial burden it could impose on the poor, especially in the midst of a deep economic recession. Senate Majority Leader Harry Reid, a Democrat, announced he would try to pass a bill capping harmful greenhouse gas emissions from utilities and other industries by mid-year.
12 March 2009 20:41 PM
By Richard Cowan
WASHINGTON (Reuters) - With climate change legislation a top U.S. priority for Democrats this year, lawmakers began zeroing in on Thursday on ways to ease the financial burden it could impose on the poor, especially in the midst of a deep economic recession.
Senate Majority Leader Harry Reid, a Democrat, announced he would try to pass a bill capping harmful greenhouse gas emissions from utilities and other industries by mid-year.
President Barack Obama has proposed such controls, but told a group of corporate executives that "this will be a difficult transition for many businesses to make," and that is why he did not envision the caps starting until 2012.
In response to a question about whether 100 percent of permits to emit carbon dioxide would be sold to industry, Obama told the Business Roundtable that there needs to be the "right balance." Some leading lawmakers have suggested both giving and selling some of the permits to companies.
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