IHS Chemical Week

EnviroTech :: Climate Change

ACC Says Climate Bill Puts Sector at a Disadvantage

12:22 PM MDT | May 29, 2009 | Kara Sissell

Legislation for a mandatory greenhouse gas (GHG) cap-and-trade program cleared the House Energy and Commerce Committee by a 33-25 vote, with all but one of the committee’s Republicans voting against the bill. The American Clean Energy and Security Act—sponsored by representatives Henry Waxman (D., CA), the committee’s chairman, and Edward Markey (D., MA)—would require a 17% GHG emission reduction by 2020, and 83% by 2050. Dooley: More changes are needed. Chemical industry officials say the credit allocation plan needs changes. The version...

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