Word: traded
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Dates: during 2000-2009
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Environmentalists were ecstatic when the House of Representatives passed the carbon cap-and-trade bill, led by Democratic Representatives Henry Waxman and Edward Markey, in June. Certainly, the legislation to limit national greenhouse-gas emissions could have been stronger, but the very possibility that the House would pass any such bill would have been unimaginable a year ago. And the timing was perfect. With do-or-die climate negotiations set for the U.N.'s global-warming summit in Copenhagen at the end of the year, the U.S. needed to show the world that it was ready to act on carbon...
...that's the problem. Despite hopes - and promises by the Democratic leadership - that the Senate would tackle cap-and-trade legislation this fall, it's looking increasingly as if the U.S. will go to Copenhagen with no national carbon caps in place. Senate majority leader Harry Reid told reporters on Sept. 15 that the Senate might have to wait to act on cap and trade until after tackling health care and banking reform. "We still have next year to complete things if we have to," he said...
Reid's spokesperson backed off those comments the next day, indicating that the schedule hadn't yet been set, but with the health-care debate threatening to stretch from now until the end of the world, it's becoming increasingly difficult to see how cap and trade could be finalized before the Copenhagen summit begins in December. And given how controversial cap and trade remains even among many Democrats in the Senate - Republicans remain almost unanimously opposed - action in the election year of 2010 might be even tougher. (Watch a TIME Climate Central video...
...bootstraps and we feel very good about that," the Ford chairman added. "There are always competitive issues, but I like the fact that we are the master of our own destiny, and I like the fact that our products are getting rave reviews. I wouldn't trade places with either [GM or Chrysler]." (Read "A Brief History of the Model...
...Deputy Foreign Minister declined to comment on how Islamabad would react in the event of sanctions or tougher forms of pressure on Iran. Instead, Islamabad's focus remains on an "enhanced level of engagement" that can draw Iranian support for Pakistan's "energy, trade and communications" sectors. The new relationship with Iran has already seen a 28% rise in trade, according to Deputy Minister Khan, and with chronic shortages of electricity supply, Islamabad is eagerly awaiting the construction of a decades-old proposed Iran-Pakistan gas pipeline - plans for which remain doubtful...