Cap-and-Trade Died in the Senate

BY: Ben Fields Published: March 26, 2010

CO2 sign by Steven Neff (Politically Illustrated).

WASHINGTON (Politically Illustrated) – Will Cap-and-trade survive the United States Senate? According to reports, the legislation died on Thursday with hopes for a new bill coming mid-April without "cap-and-trade."

“I will continue to work on producing that new product, a new way to achieve energy independence, create jobs, clean up the air and hopefully we’ll have something for you after the Easter break,” said Sen. Lindsey Graham (R-SC), reported by the AFP.

Mr. Graham is joining Sen. John Kerry (D-MA) and Sen. Joe Lieberman (D-CT) to create a new bill before May.

“We’re looking at a sectoral approach to replace the cap-and-trade system, which is dead, by the way. There will never be a cap-and-trade bill passed by the United States Senate,” said Mr. Graham, reported by the AFP.

The old bill would have created a system where companies would limit greenhouse gases and exchange the right to pollute to other companies.

“Where it goes from there, I do not know,” said Mr. Graham, reported by the AFP.

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