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Climate change bill passes House, headed to Senate
The U.S. House of Representatives passed a key piece of climate change legislation 219 - 212.
Fri, Jun 26, 2009 at 2:58 PM
House Democrats won a close vote today and passed the American Clean Energy and Security (ACES) Act
after deals were struck with key conservative Democrats over farming offsets and CO2 allowances. The vote was mostly along party lines at 219 - 212, though 30 Democrats crossed over to vote against it.
The 1,200+ page bill will put limits on greenhouse gas emissions and create a shift to renewable energy and away from dirty polluting sources like coal. Greenhouse gas emissions would be cut by 17 percent from 2005 levels by 2020 and 80 by the end of the century.
The lowest income bracket (out of five) would actually see a benefit of $40 a year.
President Obama gave a great speech yesterday about the importance of passing the bill. Check it out:
The bill is now headed to the Senate where it's expected a contentious battle for passage.
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