US senators look at 'hybrid' plan on climate bill

WASHINGTON Thu Jan 28, 2010 3:25pm GMT

WASHINGTON Jan 28 (Reuters) - U.S. Senate negotiations on a climate control bill will continue with senators looking at possible alternatives to the cap-and-trade plan for reducing carbon dioxide emissions, U.S. Senator Lindsey Graham told Reuters on Thursday.

Graham, a Republican, said President Barack Obama's State of the Union speech opening the door for nuclear power and oil drilling helped efforts for a bill that could include "a hybrid system" for reducing U.S. carbon emissions.

He added it was "yet to be determined" if senators could come up with a bill that could pass.

(Reporting by Richard Cowan, editing by Alan Elsner)

Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.