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US House committee approves climate change bill

06/01/2009
The oil and gas industry joined other industries that responded critically after the US House Energy and Commerce Committee approved a bill May 21 to address global climate change by instituting a cap-and-trade system.The committee beat the Memorial Day holiday weekend deadline that Chairman Henry A. Waxman (D-Calif.) set by 1 day when it approved HR 2454 by 33 to 25 votes.“This bill, when enacted into law this year, will break our dependence on foreign oil, make our nation the world leader in clean energy jobs and technology, and cut global warming pollution,” Waxman said following the vote.The bill’s cosponsor, Edward J. Markey (D-Mass.), described the bill as “b...
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