One Potential Benefit of Climate Legislation: More U.S. Oil

There’s a long-running, fierce debate over the cost of reducing the emissions of gases that cause climate change. Opponents say that the climate bill passed by the House of Representatives, which caps such emissions, amounts to a massive tax on the American people. Analyses by supporters—and by the Congressional Budget Office—put the cost per household a just a few cents per day. A new study by the Natural Resources Defense Council pegs the price tag at 25 cents per household per day.

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