March 30, 2004 Washington - In a bi-partisan effort to fight global warming, members of the House and Senate stood together Tuesday to introduce legislation that would cap greenhouse emissions.
Starting in 2010, the Climate and Stewardship Act would cap emissions and create a market-based system encouraging technological innovation and profitable opportunities for companies to cut emissions.
"Welcome to the battle," said Sen. Joe Lieberman, D-Conn., at a Capitol Hill news conference. "We're not going to give up until we win it." Lieberman, along with Sen. John McCain, R-Ariz., crafted a similar measure that came seven votes shy of passing the Senate in October. The new bill is being introduced in the House. "Every day we don't act on this issue is a day lost" because of the lengthy legislative process, McCain said. For example, he said, campaign finance reform took seven years to get through Congress.
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Michael Shanahan, a spokesman for the American Petroleum Institute, said, "The industry supports a heavy and well-funded research program," which the bill contains. But he added, "What the industry opposes is anything that would lead to mandatory targets and timetables. The concern is that legislation might take us there." At the Electric Power Supply Association, spokesman Jack Hawks said the group has no position on the bill because he doesn't expect Congress to act on it this year. He said the group would examine it more closely if it does come up."
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