Carbon Cap and Trade Bill to Hurt Consumers?

Thu, Jun 18, 2009

8. News

Reuters offers another viewpoint on the carbon-cutting bill mentioned in the BICEP story a couple of days ago, reporting that the piece of legislation may help big businesses but provides little protection for consumers. Opponents of the bill speculate that instead of using the energy savings to lower rates, utility companies will keep the extra profit for themselves. Complicating the controversy is a provision that allows local power companies to buy “pollution permits.” The bill is expected to come to a vote before the House sometime in July.

Read the full story here.

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