A major utility that relies heavily on coal-fired power plants has come out in favor of regulations limiting greenhouse gas emissions. The AP story says Cinergy Corp., based in Cincinnati, favors the McCain-Lieberman bill which places limits on emissions and allows trading of emission credits. The cost of compliance would, of course, be passed on to consumers. Considering what's at stake (see my previous post, What's keeping James Hanson up at night?) it could well be worth it.
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