Details of Climate Bill Revealed in Closed-Door Meeting


Details of a new climate change bill were revealed in a closed-door meeting on Capitol Hill between lawmakers and industry groups on Wednesday.

Sens. John Kerry (D-Mass.), Lindsey Graham (R-S.C.) and Joe Lieberman (I-Conn.) shared an eight-page outline of their draft legislation that would reduce greenhouse gas emissions over the next four decades, including provisions to limit business costs while ramping up domestic production of oil, gas and nuclear power.

The bill is reported to seek greenhouse gas curbs across multiple economic sectors, with a 2020 target of reducing emissions by 17 percent below 2005 levels and an 80 percent limit at midcentury. Power plant emissions would be regulated in 2012, with other major industrial sources being phased in starting in 2016.

Among the eight titles of the bill is “America’s Farmers.”

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