Bipartisan Climate Change Bill Introduced

Law360, New York (July 11, 2007, 12:00 AM EDT) -- A bipartisan climate change bill was introduced Wednesday that would strictly limit U.S. greenhouse gas emissions, which most scientists say contribute to global warming. The proposed legislation seeks to cut carbon dioxide emissions 20% by 2030.

Sen. Jeff Bingaman (D-N.M.) and Sen. Arlen Specter (R-Pa.) cosponsored the legislation, which would use a cap-and-trade system to encourage companies to reduce emissions. Firms would buy, sell and trade carbon credits that would allow them to release only a specified amount of greenhouse gases. If a company needs more...
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