Via Guest Blogger - with excerpts from Bloomberg Businessweek article

Speaking after Republicans won control of the House of Representatives, President Barack Obama has backed away from a cap-and-trade program saying he will work with Republicans on other ways to cut carbon emissions, reports Bloomberg Businessweek.

A cap-and-trade program was included in the climate bill passed by the House last year, but stalled in this year’s Senate. Peter Shattuck, a carbon-markets policy analyst at ...

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