From: Steve Holland, Reuters
Published February 3, 2010 06:25 AM

Cap and Trade? Maybe not now...

President Barack Obama acknowledged on Tuesday that a controversial "cap-and-trade" mechanism to fight climate change could be separated from other aspects of an energy bill before the U.S. Senate.

A cap-and-trade system would set limits on greenhouse gas emissions and allow companies to trade permits to pollute. The system, a version of which was approved by the House of Representatives, is controversial, especially among lawmakers who represent states with big coal reserves.

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"The most controversial aspects of the energy debate that we've been having: the House passed an energy bill and people complained that, 'Well, there's this cap-and-trade thing,'" Obama told the crowd.

"We may be able to separate these things out. And it's conceivable that that's where the Senate ends up," he continued.

Other, more popular parts of the energy bill seek to boost renewable energy such as wind and solar power. Those parts may be easier to pass.

Article continues: http://www.reuters.com/article/idUSTRE6115V820100202

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