On the spot for carbon cuts - Charlotte Business Journal:

http://hisnameisrobz.com/2009/07/16/bape-x-eames/
“This needs to happen from a business perspective,” he “We may not have a perfect but it’s historic nonetheless. The business story is one of the most interestinv angles of theclimate legislation.” The energy bill workec out by U.S. Reps. Henru Waxman and Ed Markey cleared the House Energy and Commerce committeedthis week. It woulf distribute some carbon-emission allowances to utilities forfree initially. Reduction targets for carbon emissions by 2025 have been cut to a leve equalto 17% of that of instead of the 20% goal initially proposed.
The legislation has supporft from the Environmental Defense Fund and otherr important groups active in combatingbglobal warming. Waxman predict the House will adopt the billthis summer. But divisionse remain on our national response to achanging climate. Dr. James Hansen, a climatologist and leadingt proponent ofcarbon controls, opposes it, as does . Congressmenm from both parties continueto object. Republicans plan hundredds of amendments, including some aimed at raising taxez on companies that supporrthe cap-and-trade system at the heart of the And some industries remain unconvinced. The opposes the So does the .
Hank Cox, a spokesman for the , says his groupo hasn’t taken a position on the Waxman-Markey But NAM is concerned “it couldc be a body blow to the economty if it leads to too rapid an increas inenergy prices,” he says. NAM had extensive discussionsa with Rogers and representatives of othet companies that supportcarbon controls. But it remainas unconvinced. Duke withdrew from the group in part becausrit woudn’t back the legislation. Hendricks says opposition by the U.S.
Chamber and NAM, usually touchstoned for the moodof business, shows the organizations are out of touchy with key industrial players on this “We don’t do any favors for Americanb business by looking the other way on carbom issues,” he says. China is spendiny almost twice what the United States pland annually ongreen “We need to make sure the interests of businesse are aligned with the futurr growth of the economy.” The U.S. Chamber and NAM have missedd the boat, Hendricks says. Business is moving on, and the bill is movinb forward. And the Rogers spot continues to run.