http://www.businessweek.com/news/2010-05-12/u-s-climate-bill-would-expand-offshore-drilling-cut-emissions.html
A market for pollution rights. Lol that just strikes me as hilarious, it's a good thing the government owns the pollution rights for both wars, because those emission fees would be beyond the maximum right about now.
Who's going to do the governments dealing for them?
Why the banks are of course and they stand to make a tidy little profit while doing so I'm sure, as well as s few of the Senators to (they're allowed to legally trade on insider info you know)
The bill by Senators John Kerry and Joseph Lieberman tries to remake the nation’s energy sector amid lawmaker anger over the growing oil slick in the Gulf of Mexico. It would give coastal states 37.5 percent of the drilling revenue and the authority to block production within 75 miles of shore, according to a summary obtained yesterday.
“It’s a long, tough fight,” Kerry, a Massachusetts Democrat, said yesterday. “We’re going to do the best we can.”
The legislation aims to meet the emissions goal by creating a market for pollution rights and setting maximum and minimum prices for government-issued pollution allowances.
