Dem Leaders Offer Compromise on Cap-and-Trade

Facing resistance from moderate Democrats, House Energy and Commerce Committee Chairman Henry Waxman (D-Calif.) is ready to compromise on some key provisions of the cap-and-trade legislation he co-sponsored with Energy and Environment Subcommittee Chairman Ed Markey (D-Mass.).

One area of contention is the distribution of carbon allowances, which polluting More…

White House Open to Giving Away Some Emissions Permits

President Obama has consistently called for all emissions permits to be auctioned off to polluters under a cap-and-trade scheme to produce strong and immediate incentives to reduce carbon emissions. But today White House science adviser John Holdren told The Washington Post that the administration would consider phasing in a More…