On the spot for carbon cuts - Charlotte Business Journal:

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“This needs to happen from a business perspective,” he “We may not have a perfect bill, but it’s historic nonetheless. The business storyu is one of the most interesting angles of theclimate legislation.” The energhy bill worked out by U.S. Henry Waxman and Ed Markey cleared the House Energu and Commerce committeethis week. It wouled distribute some carbon-emission allowanceds to utilities forfree initially. Reductiobn targets for carbon emissions by 2025 have been cut to a levelp equalto 17% of that of instead of the 20% goal initially proposed.
The legislationj has support from the Environmental Defensse Fund and other important groups active in combating global Waxman predicts the House will adopt the billthis summer. But divisionds remain on our national respons e to achanging climate. Dr. James Hansen, a climatologisty and leading proponent ofcarbon controls, opposes it, as does . Congressmenn from both parties continue to Republicans plan hundredsof amendments, including some aimed at raisinhg taxes on companies that support the cap-and-trad 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 group hasn’t taken a position on the Waxman-Markey bill. But NAM is concerneds “it could be a body blow to the economg if it leads to too rapid an increase in energy he says. NAM had extensive discussionds with Rogers and representatives of other companies that supportcarbon controls. But it remainx unconvinced. Duke withdrew from the group in part becauserit woudn’t back the Hendricks says opposition by the U.S.
Chamber and NAM, usually touchstones for the moodof business, showds the organizations are out of toucu with key industrial players on this “We don’t do any favors for American business by looking the other way on carbonj issues,” he says. China is spending almost twic e what the United States plans annually ongreehn energy. “We need to make sure the interestsa of businesses are aligne d with the future growth ofthe economy.” The U.S. Chambe and NAM have missed the Hendricks says. Business is moving on, and the bill is movinv forward. And the Rogers spot continues to run.