Sens. John Kerry, D-Mass., Lindsey Graham, R-S.C., and Joseph Lieberman, ID-Conn., may unveil their revamped climate change bill early in the week, Reuters reported. Aides to the senators spent the two-week Easter recess working on the legislation, which will feature the goal of cutting 2005 GHG emissions levels 17 percent by 2020. A Senate source added: "We are working to address and reconcile all of the concerns raised by particular members about particular provisions."
Wrote Reuters: "Kerry is being hit with an array of other competing concerns: Industry wants the federal legislation to pre-empt state climate control efforts and U.S. Environmental Protection Agency regulation, an idea many state officials oppose. A dizzying number of other concerns were still being addressed too, according to government and private-sector sources. They include how oil industry tax revenues would be used, how pollution permits would be allocated to utilities and the shape of a border tax to protect steelmakers and other energy-intensive industries from unfair foreign competition."
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