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Climate Bill Introduced in Senate

Friday, May 14, 2010

(American Meat Institute)

Senators John Kerry (D-MA) and Joe Lieberman (I-CT) have introduced the "American Power Act," which is a comprehensive energy and climate change bill that they have been drafting since last fall.

The bill calls for a 17 percent reduction in carbon pollution by 2020 and more than 80 percent in 2050 by capping emissions in certain sectors and allowing for trading of pollution permits. Only facilities emitting more than 25,000 tons of carbon per year would have to comply with reduction targets.

Under the legislation, the manufacturing industry would not be required to reduce emissions until 2016. Additionally, manufacturing companies would receive financial assistance during the interim period in the event of an increase in energy costs. They would receive assistance purchasing allowances after 2016.

Also under the bill:

Click here to see a section by section of the bill: http://www.meatinstitute.org/ht/a/GetDocumentAction/i/59475

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