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Senators Sanders, Boxer propose legislation to institute GHG price on large stationary sources and remove support for fossil fuel industries

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The proposal was drafted as two measures, the Climate Protection Act —which sets the carbon price and finance programs for sustainable technologies—and the Sustainable Energy Act —which ends federal support for fossil fuel companies and research and extends tax incentives for renewables. Rebate program.

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Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

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Environmentalists and industries resurrected the idea in recent years as a centerpiece of measures to address global warming and growing oil imports. Markey of Massachusetts, both Democrats, built their climate change bill last year in large measure around it. Representatives Henry A. Waxman of California and Edward J.

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