Fred Upton Vows To Fight Obama Plan For Limiting Greenhouse Gas Emissions

The incoming chairman of the House Energy and Commerce Committee is promising a fight over the Obama administration’s new approach on limiting greenhouse gas emissions.Congress failed last year to pass limits and let companies buy and sell p…

The incoming chairman of the House Energy and Commerce Committee is promising a fight over the Obama administration’s new approach on limiting greenhouse gas emissions.

Congress failed last year to pass limits and let companies buy and sell pollution permits. That system was known as “cap and trade” – but to Republicans it was “cap and tax” because they said it would raise energy prices.

The administration now say it’ll act on its own to clamp down on power plant and oil refinery greenhouse emissions by developing new standards over the next year.

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