Senate climate-change bill ‘a step backward’ for steel, aluminum

The American Materials Manufacturing Alliance (AMMA) hopes the Senate version of a climate-change bill, scheduled for mark up this week, is shot down.

The Washington-based organization, led by representatives of the steel, aluminum, chemistry and forest and paper industries, says the Senate Environment and Public Works Committee's "chairman's mark" of the proposed legislation (S.1733) requires major changes in order to prevent it from further eroding the American manufacturing base.

AMMA believes the Senate bill is "a step backward" from the Waxman-Markey legislation (H.R.2454) passed by the House of Representatives and would ultimately cause more harm to the environment and to American manufacturing than it would prevent.

"We were hoping we would see further effort to protect high-paying American manufacturing jobs," said Cal Dooley, president and chief executive officer of the American Chemistry Council. "Unfortunately, this draft would have to be considered a step backward."

Dooley said the...

This is a preview of the article. The full article is available only to our subscribers and trial users.

Not registered AMM.COM user yet?

Subscribe today!

Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.

Subscribe Try
Sign up for the AMM Daily Alert
http://www.farmerscopper.com/