Criticism continues to mount from the chemical industry about cap-and-trade legislation. A recent report from the Heritage Foundation indicates that passage of the climate-change bill under consideration in a House committee would cut overall manufacturing jobs by 23%; Eastman Chemical Chairman and CEO Brian Ferguson said the effects could be significant: "The cap-and-trade proposal, which [seeks to] tax U.S. companies using fossil fuels, could be 'crippling' to U.S. manufacturers."

Full Story:
ICIS News (U.K.)

Related Summaries