Six U.S. senators, including potential 2008 presidential contenders from both major parties, unveiled legislation on Friday that would force power plants and industry to curb heat-trapping greenhouse gases, seeking to cut emissions to one-third of 2000 levels by 2050.Among the bill's four co-sponsors: Senator Barack Obama of Illinois. For a look at a previous version of the legislation from 2005, click here. Also see the African-American Environmentalists Association.
Sen. John McCain, Arizona Republican and possible 2008 presidential contender, introduced a new version of the Climate Stewardship and Innovation Act, which he has pursued since 2003 with Sen. Joe Lieberman, Connecticut independent.
Their "cap-and-trade" plan would place a ceiling on emissions of six kinds of greenhouse gases. It would allow emitters from four sectors -- electric utilities, transportation, general industry and commercial -- to either reduce emissions outright or buy tradable permits to comply with the rules.
Technorati tags: Environment, Energy, Politics, Economics, Senator John McCain, Senator Joe Lieberman, Senator Barack Obama