Obama budget still plans CO2 permit sale to industry

Thu May 7, 2009 10:49pm BST
 
Email | Print | | Single Page
[-] Text [+]

WASHINGTON (Reuters) - U.S. President Barack Obama's budget still plans for 100 percent of permits in a future greenhouse gas emissions trading system to be sold to industry, a spokesman for the White House Office of Management and Budget said on Thursday.

Obama has shown some flexibility on the cap-and-trade proposal since releasing his initial budget blueprint in February, but a spokesman said there were no changes.

(Reporting by Jeff Mason, Editing by Sandra Maler)

 
Photo

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos