House Passes Major Energy Climate Bill

Shirleypal · Post by **Shirleypal** » 06-26-2009 07:16 PM

House Passes Major Energy-Climate Bill
The Democratic-controlled House has narrowly passed sweeping legislation calling
for the nation's first-ever limits on pollution linked to global warming.

MORE DETAILS: http://www.clickondetroit.com/tu/5HPyWatEj.html

The House has passed, 219 to 212, the American Clean Energy and Security Act of 2009, a sweeping climate-change bill that is one of President Obama's top legislative priorities. Eight Republicans backed the bill, and 44 Democrats voted against it.

Janus232 · Post by **Janus232** » 06-26-2009 09:19 PM

"It's a bold and necessary step that holds the promise of creating new industries and millions of new jobs, decreasing our dangerous dependence on foreign oil" PBHO

Bill aims to cut emissions by 17% below the level in 2005 by 2020, then by 83% by 2050

Imposes national limits and requires polluters to acquire emissions permits
Permits are either free (85%) or bought at auction (15%)

Permits can be traded, allowing major polluters to offset surplus emissions