Bingaman global warming bill has bipartisan support
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U.S. Sen. Jeff Bingaman, D-N.M., introduced today bipartisan legislation his office says is “designed to stop the advancement of global warming while protecting the U.S. economy and American consumers.” The measure, which is cosponsored by Sens. Arlen Specter, R-Penn., Tom Harkin, D-Iowa, Ted Stevens, R-Alaska, Daniel Akaka, D-Hawaii, and Lisa Murkowski, R-Alaska, is an economy-wide mandatory cap-and-trade program that limits the amount of greenhouse gases that can be emitted, according to a Bingaman news release. The bill would set an annual target on the amount of carbon that can be released into the atmosphere. It would allow firms to buy, sell and trade carbon credits and would provide incentives to promote a gradual transition to new, lower-carbon technologies. “There is a great desire in our country to address the global warming crisis,” said Bingaman, chairman of the Senate Energy and Natural Resources Committee. Continue Reading