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E.P.A. Says It Will Press on With Greenhouse Gas Regulation

Date: December 23, 2010
Author: Matthew L. Wald
QUOTE: ...Ms. McCarthy emphasized that the E.P.A. was not imposing a “cap-and-trade” system, a system that sets a ceiling on greenhouse gas pollution while allowing companies to trade permits, at a price that the market determines. Approved last year in a House bill, cap-and-trade legislation died in the Senate this year. Later, opponents called it “cap and tax,” and it became a rallying cry for some midterm election candidates who were opposed to the expansion of government authority over industry and the economy.

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