U.S. Carbon Laws Must Limit Job Losses, Baucus Says
A “cap-and-trade” program being debated in Congress to reduce greenhouse gases must “minimize any job losses” that could result from restricting industry’s right to emit carbon dioxide, said Senate Finance Committee Chairman Max Baucus, a Montana Democrat.
With the U.S. unemployment rate at 10.2 percent, Congress “must be diligent to create jobs, including in the energy sector” when crafting laws to cut greenhouse gases, Baucus said at a committee hearing today.
Source: Bloomberg
