Obama Moves Away From ‘Cap and Trade,’ Seeks New Tools

President Barack Obama distanced himself from the “cap-and-trade” program he once backed as the best tool to limit global warming, saying he wants to work with Republicans to find other ways to curb carbon emissions.

“Cap-and-trade was just one way of skinning the cat,” Obama said at a White House news conference yesterday, referring to a system in which companies buy and sell a declining number of pollution allowances. “It was a means, not an end,” he said. “I’m going to be looking for other means to address this problem.”