Senate releases details on cap-and-trade bill

10/27/2009 | New York Times (tiered subscription model), The

New details of the Senate's cap-and-trade legislation have been released that indicate the measure will expect utilities and industry to take most of the billions of dollars worth of free emissions permits and pass the benefits on to consumers and taxpayers. Proposed subsidies would ease energy-intensive manufacturing companies into a lower-carbon economy but would be eliminated in time.

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New York Times (tiered subscription model), The

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