Cap and trade may not go ahead this year, U.S. senator says

01/5/2010 | ABC News

The U.S. Senate and House have yet to reach a consensus as to the type of cap-and-trade system to adopt for regulating greenhouse-gas emissions, making it unlikely that such an energy bill will be passed this year, said Sen. Jeff Bingaman, D-N.M., chairman of the Senate Energy and Natural Resources Committee. A lingering concern among lawmakers is that federal regulators may impose greenhouse-gas reductions if Congress fails to move ahead with cap-and-trade legislation, Bingaman said.

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