House Energy Bill Seeks to Cap Greenhouse Gases

The economy may be in the tank, but that hasn't stopped Washington from taking aim at global warming. First, President Barack Obama lived up to his campaign promises by including caps on emissions of greenhouse gases in his proposed budget, and telling his Environmental Protection Agency to start moving on regulations under existing laws. Now, House Energy & Commerce Committee Chairman Henry A. Waxman (D-Calif.) has fulfilled his promise to move aggressively on climate legislation. On Mar. 31 he and Representative Edward J. Markey (D-Mass.), chairman of the energy and environment subcommittee, released a draft of a massive 648-page bill that tackles both climate and energy. "This legislation will create millions of clean energy jobs, put America on the path to energy independence, and cut global warming pollution," Waxman claims.

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