Cap and Trade Bill: Good First Step
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The U.S. Congress took a step forward toward a national policy that helps clean up the environment and create good green jobs, but there is still work to do, union leaders say today.
The American Clean Energy and Security Act, which passed out of the House Energy and Commerce Committee yesterday, would set a national ceiling on greenhouse gas emissions and let polluting industries buy and sell credits to meet it. This “cap-and-trade” system would limit harmful human-generated emissions and, hopefully, speed up development of renewable energy sources, create green jobs and help reduce our dependence on oil.
AFL-CIO President John Sweeney says the bill, as currently marked up, “makes significant, job-creating investments, while attempting to minimize impacts on existing workers.”
The AFL-CIO supports cap-and-trade legislation that takes a balanced approach towards an economy wide-program and prevents foreign competitors from getting advantages over American companies.
