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12 January 2007 -- Since Democrats won control of the U.S. House and Senate in November, stakeholders are waiting to see in what direction the Congress will go. Now a new bill may create a definitive direction on the legislative branch's carbon policy.
MSNBC reported that a plan to cap carbon emissions sponsored by three powerful and politically diverse senators will be made public today. Two presidential hopefuls, Barack Obama (D-Illinois) and John McCain (R-Arizona) have joined to work with Conneticut independent Joe Lieberman on a bill that will cut CO2 emissions by two percent per year in order to achieve 1990 levels by 2020.
McCain and Lieberman have proposed carbon emissions legislation before, but the previous Republican Senate defeated it. Since then, more public support has grown for controls on global warming and more politicians are speaking out in favor of curbing emissions.
President George W. Bush favors voluntary reduction of greenhouse gases and relies heavily on new technology to address the issue. Bush has spoken out against mandatory measures because he believes they could harm industry and stunt economic growth.
U.S. utility reactions have been mixed concerning carbon emission control. Some have been strong supporters of immediate controls, while some emphasize clean coal initiatives and progressive carbon controls. Others have warned against any carbon legislation until proven technology has been brought to market at cost-effective prices.
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