- Nebraska Soybean Board Reports
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- Quality Questions with Dr. Ray Ward
- 2009 NAFB Live Reports
- Reports from the National Ag Banker
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Ag News
Cap-and-Trade Legislation Passes Out of Committee
Published Friday, November 06, 2009 at 05:17 AM
The cap and trade proposal would have the federal government issuing a limited number of pollution permits, each carrying the right to emit one metric ton of carbon dioxide. Power plants, refineries and other regulated industrial companies would have to acquire enough permits to cover their emissions. Firms could buy and sell the permits before they are surrendered to the EPA to enforce emission targets.
The legislation passed during a “business meeting’ session of the committee. While admitting this is not a procedure we wanted, Boxer acknowledged - it may complicate efforts to pass climate legislation in the Senate. She said - it’s a procedure that was available to us. It was available to our predecessors. That was why they wrote it. We need to move.
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