Senators introduce bill to drastically reduce greenhouse gas emissions (by 2050)

[Robbien]

In other words a license to freely pollute as much as possible for 43 more years.

The new bill (S. 280) will gradually lower the emissions cap, such that it reaches approximately one third of 2000 levels by 2050. Those long-term reductions will forestall catastrophic, manmade climate change, provided the world's other major economies follow suit within the next decade. Like the 2005 version, the reintroduced bill controls compliance costs by allowing companies to trade, save, and borrow emissions credits, and by allowing them to generate "offset" credits by inducing non-covered businesses, farms, and others to reduce their emissions or capture and store greenhouse gases. The reintroduced bill, however, increases the availability of borrowing and offsets in order to control costs further.

http://www.reviewatlas.com/articles/2007/01/15/news/local/news4.txt

Bill sponsored by : Joe Lieberman (ID-CT), John McCain (R-AZ), Blanche Lincoln (D-AR) and Susan Collins (R-ME) and Barack Obama (D-IL).