Obama May Shelve Cap-And-Trade Plans — For Now

Law360, New York (February 3, 2010, 1:23 PM EST) -- President Barack Obama has indicated that he may be willing to set aside plans to implement a cap-and-trade system for greenhouse gas emissions in order to focus on first passing tax breaks and investment incentives to make clean energy and efficiency technology cheaper.

The president said during a town hall meeting in Nashua, N.H., on Tuesday that he could see the U.S. Senate temporarily shelving a controversial cap-and-trade plan for carbon emissions passed by the House of Representatives, instead focusing on building bipartisan consensus for a...
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