Sen. Baucus: Emissions rules must hold down job losses

11/11/2009 | Bloomberg

Senate Finance Committee Chairman Max Baucus, D-Mont., says Congress must minimize job losses that could result from cap-and-trade provisions in the proposed climate bill. Baucus, who was the only Democrat to oppose the cap-and-trade bill when it was passed in the Environment and Public Works Committee, said any emissions curbs need to reflect the fact that the jobless rate is 10.2%, and Congress "must be diligent to create jobs, including in the energy sector."

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