Cap-and-Trade Before Copenhagen: Is It Possible?

U.S. officials, ranging from Agriculture Secretary Tom Vilsack to (predictably, considering the bill bears his name) California Representative Henry Waxman are urging the Senate to pass cap-and-trade legislation before December's Copenhagen climate talks. It's a worthy goal considering the leverage that would accrue to the U.S. as a result of passage, leverage that would be far less useful after the talks....

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