Thursday, July 29, 2010
Cap And Trade Bill Looks Defeated
WEST VIRGINIA....
Cap and trade is back on the proverbial shelf in Washington D.C. Friday, Senate Majority leader Harry Reid said the cap and trade bill didn't have the votes to pass debate. Many Republicans and Democrats, mostly from coal states, said they will not back the legislation. Cap and trade would have put a tax on carbon emissions. Groups across the Mountain State say the bill was an attack on coal. The West Virginia Coal Association has been following the bill closely. “We think its good news, it's a good piece of news,” said Bill Rainey, of the Coal Association. “Those that work in and depend on the mines are pleased because it's not going to effect them in a negative way as they go forward.” Cap and trade would have required companies to pay or trade to produce emissions, those costs would then be passed on to the consumer.
Cap and trade is back on the proverbial shelf in Washington D.C. Friday, Senate Majority leader Harry Reid said the cap and trade bill didn't have the votes to pass debate. Many Republicans and Democrats, mostly from coal states, said they will not back the legislation. Cap and trade would have put a tax on carbon emissions. Groups across the Mountain State say the bill was an attack on coal. The West Virginia Coal Association has been following the bill closely. “We think its good news, it's a good piece of news,” said Bill Rainey, of the Coal Association. “Those that work in and depend on the mines are pleased because it's not going to effect them in a negative way as they go forward.” Cap and trade would have required companies to pay or trade to produce emissions, those costs would then be passed on to the consumer.
# posted by Homer Owens @ 1:09 AM 
