For example the bill includes every industry under the sun under the possible new carbon allowance system. Polluters will be involved in a mass carbon auction where credits are doled out regulating how much carbon they are allowed to spew into the atmosphere. This section also calls for promulgation of carbon sequestration technologies and severe penalties for those that don’t comply with the carbon trade. These restrictions will begin with power plants only and move on to other energy-intensive industries as years pass.
Though, as we noted, the bill is far from law it is a giant leap in the right direction. Let’s hope Congress can snap to it and decide to put this bill in the real books and get the US on the — geeze, finally — right path towards emissions reductions.