Bruce Henderson
"The measure by Graham and Sens. John Kerry, D-Mass., and Joe Lieberman, I-Conn., allows oil and gas drilling off the Atlantic coast if states approve, Graham said, and overrides Environmental Protection Agency regulation of carbon dioxide. He appeared at an energy conference hosted by the Charlotte Business Journal.
Graham declared dead the carbon legislation the U.S. House passed last year, which limited emissions of the greenhouse gas and allowed utilities and other carbon sources to trade emission allowances, called credits.
The new bill takes a hybrid approach that Graham said will reduce speculation in carbon credits that could drive up their price. Utilities like Charlotte-based Duke Energy would get free allowances."
Graham declared dead the carbon legislation the U.S. House passed last year, which limited emissions of the greenhouse gas and allowed utilities and other carbon sources to trade emission allowances, called credits.
The new bill takes a hybrid approach that Graham said will reduce speculation in carbon credits that could drive up their price. Utilities like Charlotte-based Duke Energy would get free allowances."
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