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Changes likely as cap-and-trade legislation moves through US House

05/04/2009
By Nick Snow
US House Energy and Commerce Committee Chairman Henry A. Waxman (D-Calif.) planned to mark up cap-and-trade legislation the week of May 11 when he and Rep. Edward J. Markey (D-Mass), the chairman of the committee’s Energy and Environment Subcommittee, introduced their draft proposal on Mar. 31.By the time the committee completed 3½ days of hearings on their climate-change proposal Apr. 24, however, it was obvious that changes would need to be made. Opposition from committee Republicans was no surprise. But some Democrats also expressed reservations about several provisions and their potential impacts.The hearings also revealed basic climate change strategy disagreements that ...
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