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Monday, November 9, 2009

Economic forum speakers review U.S. cap-and-trade legislation

From an article by Steve Cahalan in the La Crosse Tribune:

"Cap and trade" legislation that the U.S. House of Representatives passed in June and a similar version pending in the Senate were praised Tuesday at a La Crosse forum by Peter Taglia, staff scientist with the Clean Wisconsin environmental group.

Federal legislation is needed, agreed Brian Rude, a vice president with La Crosse-based Dairyland Power Cooperative. But the House and Senate bills have major flaws, Rude argued at The Economic Forum at the Radisson Center.

Legislation sponsored by Sens. Barbara Boxer, D-Calif., and John Kerry, D-Mass., calls for imposing mandatory caps on greenhouse gas emissions from power plants and industrial facilities and cutting emissions by 20 percent by 2020. Polluters would be given emission allowances they could trade among themselves to ease the transition from fossil fuels.

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