Below is a Market Watch summary of an article released today by the Wall Street Journal.
WASHINGTON — The Obama administration will next week unveil a cornerstone of its climate change
initiative with a proposed rule aimed at allowing states to use cap and trade systems, renewable energy and other measures to meet aggressive goals for reducing carbon emissions by existing power plants.
Energy companies and others affected by the proposal will be watching for key details, including the percentage by which companies and states must reduce carbon emissions, which is expected to be proposed in a range instead of a single number. The baseline year against which those reductions are calculated will also be closely monitored. ...
Click here for the full Market Watch report.
Click here for a link to the Wall Street Journal article