Sen. Johanns Says Cap And Trade Bill Won’t Pass Senate
U.S. Sen. Mike Johanns says the climate change bill passed by the House in June will not pass in the Senate. At the heart of the bill is a proposal known as cap-and-trade, which would cap carbon emissions for various industries.
Industries that would need to exceed the cap would buy credits from other industries that emit less than the allowance. Johanns, a Republican and former U.S. Agriculture Secretary, criticized the House for passing the bill without first looking at how it might affect agriculture.
The U.S. Department of Agriculture presented an analysis Wednesday that concluded farmers stand to make more money than they will lose under the bill.
But Johanns says the analysis is inadequate, noting it did not look at the bill's impact on the meat industry or specialty crops.