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Originally Posted by In other news, the Senate will be voting on the Lieberman/Warner global warming response bill next month.
The bipartisan [URL="http://thomas.loc.gov/cgi-bin/bdquery/z?d110:s.02191:"
America's Climate Security Act of 2007[/URL], which is based on the California global warming bill enacted in 06, is not a bad first start....and much better than the Bush proposal of voluntary reductions.
The bill would cap CO2 and other greenhouse gas emissions from electric utilities, transportation and manufacturing (which account for about 75 percent of U.S emissions) GHG emissions would be capped at the 2005 emission level starting in 2012 and then gradually reduced to 1990 levels by 2020, with deeper cuts over the long term - to reach a 65 percent reduction from 1990 levels by 2050.
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Won't these industries just add the cost of retrofitting etc.. to the prices charged to consumers which will hit the poor and middle class the hardest?