Bush Administration Rejects Cap-And-Trade Program

Law360, New York (June 8, 2007, 12:00 AM EDT) -- An official at the Environmental Protection Agency has reportedly said the Bush administration would not support a cap-and-trade program for carbon dioxide and other greenhouse gases.

At a congressional hearing on Friday, Rep. Jay Inslee (D-Wash.) asked EPA Administrator Stephen L. Johnson whether George W. Bush would sign a bill that created a cap-and-trade program, Dow Jones reported.

“No,” Johnson replied, according to Dow Jones.

“I hope you're premature,” Inslee reportedly responded. “I hope you haven't checked with the president.”

The hearing comes as lawmakers and...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.