Progress around Congressional action on climate change is moving so quickly that my comments provided below will quickly out of date. However, I believe it is worth providing an update on the ever-evolving bill and how it could impact your business.
As of May 22, 2009, the bill (The American Clean Energy and Security Act of 2009 — HR 2454) was approved in a House committee after considerable “policymaking” efforts. The bill was passed in a 33-to-25 vote and lays the groundwork for a greenhouse gas cap-and-trade system.
Despite the rhetoric against a cap-and-trade system, this is not the first …