WASHINGTON, July 10 — Influential senators from both parties, backed by unions and some large electrical utilities, will unveil a new global warming proposal on Wednesday that could form the basis of a climate change compromise that has so far eluded Congress.
The complex measure, sponsored by Senators Jeff Bingaman, Democrat of New Mexico, and Arlen Specter, Republican of Pennsylvania, would put in place a firm limit on emissions of heat-trapping gases that most scientists say are causing the warming of the planet. Like other so-called cap-and-trade schemes, it would allow companies to buy and sell the right to emit carbon dioxide, which is seen as the chief culprit in global warming.
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The complex measure, sponsored by Senators Jeff Bingaman, Democrat of New Mexico, and Arlen Specter, Republican of Pennsylvania, would put in place a firm limit on emissions of heat-trapping gases that most scientists say are causing the warming of the planet. Like other so-called cap-and-trade schemes, it would allow companies to buy and sell the right to emit carbon dioxide, which is seen as the chief culprit in global warming.
Discuss Add this link to... Bury
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