I, FOR ONE...:

US unveils radical shift in energy policy (Carola Hoyos, April 2 2009, Financial Times)

The bill, sponsored by two powerful Democrats in the House of Representatives, has more aggressive climate targets than those of President Barak Obama but also includes protectionist measures that could prompt retaliatory action by Europe, China and Brazil.

Those protectionist measures will likely be popular among US politicians, but could be challenged under World Trade Organisation, analysts and academics agree.

Under the proposed legislation, which includes a green house gas emissions cap and trade programme, companies would be eligible for rebates to compensate for cost they incur. Additionally a “border adjustment” programme would levy import taxes on foreign manufacturers to cover carbon contained in US-bound products.

...resent the reference to congressmen Waxman and Markey as "US".

Posted by Orrin Judd at April 2, 2009 8:02 AM