The Big Picture: Global Warming "Cap and Trade" Regulation
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The Big Picture: Global Warming "Cap and Trade" Regulation
- Carbon dioxide emissions are believed to be a major contributing factor to global warming.
- Congressional proposals to limit carbon dioxide emissions of businesses are called “cap and trade” energy bills.
- Cap and trade policies would increase energy costs for companies and possibly even residences.
- United States’ businesses would be at a competitive disadvantage to nations not operating under CO2 regulations if cap and trade legislation is passed by Congress.
2008 June/July