Monday, November 30, 2009
Cap And Trade Hits Back Burner
KENTUCKY...
The coal industry got good news Monday (today) as cap and trade gained less smoke and hit the back burner. U.S. Senator Mitch McConnell and Kentucky Democratic Representative Fitz Steele say, with attention focused on the health care bill, the proposed Waxman Markey Climate Bill has, at least for now, hit a stand-still. The bill, better known as cap and trade, would limit the amount of carbon dioxide coal-fired plants could emit into the air. The coal industry fears, if the legislation was passed, it could create a negative impact on local economies, as well as the entire state. McConnell and Steele say electric bills would increase and thousands would be put out of work. Lawmakers say it could be quite some time before the bill is revisited, and, to many who depend upon coal, that's music to the ears.
The coal industry got good news Monday (today) as cap and trade gained less smoke and hit the back burner. U.S. Senator Mitch McConnell and Kentucky Democratic Representative Fitz Steele say, with attention focused on the health care bill, the proposed Waxman Markey Climate Bill has, at least for now, hit a stand-still. The bill, better known as cap and trade, would limit the amount of carbon dioxide coal-fired plants could emit into the air. The coal industry fears, if the legislation was passed, it could create a negative impact on local economies, as well as the entire state. McConnell and Steele say electric bills would increase and thousands would be put out of work. Lawmakers say it could be quite some time before the bill is revisited, and, to many who depend upon coal, that's music to the ears.
# posted by Homer Owens @ 9:59 PM 
