May 13, 2010

Cap-and-Trade’s Winners and Losers

For the moment, of course, the prospects for climate change legislation remain grim.  In a period of high unemployment, constituents are unlikely to approve of what essentially amounts to a hike in energy prices.  On the other hand, climate change legislation does remain at least notionally a presidential priority.  If President Obama looks stronger as the economy revives, this new bill may look more like the shape of things to come.

Read more here.

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