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The Resurrection of Cap-and-Trade

The recession has delayed the passage of energy legislation and it has stymied hopes for cap-and-trade. The current conventional wisdom is that cap-and-trade legislation is dead. However, rumours of the death of cap-and-trade may have been greatly exaggerated. Resistance to cap-and-trade comes from energy intensive industries and Congressional representatives from high carbon, poor and conservative areas. Senate moderates from both parties are pushing Obama to…

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