Why the Business Community Is Wary of Cap-and-Trade: a View From Virginia
- By Joseph C. Farrell
- Special to Roll Call
- Aug. 27, 2009, 3:18 p.m.
The House recently passed a controversial bill that seeks to establish an emissions trading structure referred to as cap-and-trade. It passed by a very slim margin, mostly along party lines, and was opposed by 44 Democrats. If the bill manages to pass a vote in the Senate and is signed by President Barack Obama, it would impose strict limits on the carbon-based energy used by American businesses.
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