Climate Bill Cheat Sheet | Mother Jones

Climate Bill Cheat Sheet | Mother Jones:

"The draft is a complex attempt to balance competing demands. In a nod to environmentalists, it imposes some new restrictions on offshore drilling. And it retains the same key targets included in the House bill that passed last June: a 17 percent reduction of carbon emissions by 2020 and an 83 percent reduction by 2050. But in a move to please polluters, it establishes a slower phase-in of carbon regulations for many of the country's biggest emitters. Utilities will be subject to carbon restrictions beginning in 2013, followed by manufacturers and other heavy emitters starting in 2016. The legislation also lavishes major financial incentives on coal, natural gas, and nuclear power."