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Cap-And-Trade Bill Would Spare Big Industry

Law360 (March 30, 2009, 12:00 AM EDT) -- A Washington congressman has proposed a bill that would dole out emissions allowances to heavy industry under any future cap-and-trade program, in order to prevent companies from relocating to areas with less stringent greenhouse gas regulations.

Rep. Jay Inslee, D-Wash., on Thursday introduced the “Emission Migration Prevention with Long-term Output Yields Act,” or EMPLOY Act, which would empower the U.S. Environmental Protection Agency to give emission allowances to energy intensive industries.

Under the legislation, the administrator of the EPA would be alloted 15 percent of the...
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