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Climate Bill

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Article ExcerptTrade Penalties Weighed in Climate Bill WASHINGTON -- House Democratic leaders Thursday weighed tough trade penalties on countries that don't cap so-called greenhouse-gas emissions, while President Barack Obama sought support from wavering lawmakers ahead of a vote on a climate bill.

The trade proposal is designed to protect a half dozen trade-sensitive U.S.

industries, including steel, cement and chemical manufacturers, from competitors in countries that don't cap their output of greenhouse gases.

Top House Democrats and many members of the Ways and Means Committee, which has jurisdiction over trade policy, led the negotiations and effectively signed off on details of the plan late Thursday.

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http://online.wsj.com/article/SB124593698904453525.html
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