Senate committee targeting global cap-and-trade rules

Dec 17, 2007 | 02:12 PM | Rory Carroll

The Senate Finance Committee plans to hold a hearing—loosely slated for Dec. 20—to examine how to persuade foreign countries to adhere to the emissions standards proposed under the Lieberman-Warner cap-and-trade bill, a Capitol Hill source said.

The focus will be on getting Brazil, China and India to mirror U.S. standards so that domestic companies don't simply shift polluting plants to countries with more lax environmental standards. The bill, which cleared the Senate Environment and Public Works Committee earlier this month, would cap the nation's greenhouse gas emissions at 70 percent of 2005 levels by 2050.....

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