Word: caps
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Dates: during 2000-2009
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...billion for R&D over the next 20 years. Even so, politicians who represent what's left of America's coal-fired industrial heartland aren't rushing to support the bill during hard economic times. To bring them around, the bill's supporters must make the case that cap and trade's costs are dwarfed by its benefits--not just averting a climate catastrophe but also jump-starting clean-energy industries and creating millions of new "green collar" jobs...
...giveaway and auction, a seemingly fair approach but one that has split enviros--some of whom see the bill as weak. Industry is ambivalent too. The National Association of Manufacturers is dug in against the bill. A large and growing number of corporations know that a cap is inevitable, though few have come out in favor of Lieberman-Warner. And all this leaves unanswered the problem of how to ensure that carbon-constrained U.S. businesses aren't hurt in global trade...
...green jobs that cap and trade could help create would be a big employment sector--including production of wind turbines, pollution scrubbers and more. Obama and Clinton talk about spending $150 billion over 10 years to create millions of those jobs, but it's the sale of pollution allowances that would raise that money. No cap and trade, no jobs. That seems simple--but not to the campaigns...
...bill if it moves to the right in search of votes. (The bill's champion, Senate Environment Committee chairman Barbara Boxer, has vowed not to let that happen.) McCain hasn't embraced the bill, even though he has a real record on the issue. He and Lieberman sponsored cap-and-trade bills in 2003, 2005 and early 2007, when most Senators were missing in action. During the primary, he downplayed that history--a necessary strategy perhaps to secure the GOP nomination. Now that he effectively has it, he could use Lieberman-Warner as a way to woo independent voters...
...original version of this article incorrectly stated that Senators Hillary Clinton and Barack Obama are co-sponsors of a cap-and-trade environmental bill being sponsored by Senators Joseph Lieberman and John Warner. Neither Clinton nor Obama is co-sponsoring the legislation, though Clinton did vote for the bill in committee. Also, the story originally stated that 25 U.S. states get a quarter or more of their electricity from coal. While true, that statistic understates America's coal dependence: those 25 states get half or more of their electricity from coal...