Climate bill unveiled in U.S. Senate, Obama calls for passage

08:46, May 13, 2010      

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U.S. Senators unveiled a climate bill Wednesday in the Senate, proposing to cut greenhouse gas emission by 17 percent off 2005 levels by 2020. President Barack Obama said he supports the bill, and called for the bill's passage in the upper chamber.

Senators John Kerry, a Democrat, and Joe Lieberman, an independent, introduced the bill. It seeks to limit emissions by about 7,500 factories and power plants across the country with more than 25,000 tons of carbon emission annually.

It also proposes a "cap-and-trade" system which allows economic incentives to carbon emission credit trade.

The bill encourages offshore drilling. But mindful of the Gulf of Mexico oil spill, it allows states to veto offshore drilling within 75 miles (120 km) off their coasts.

Obama lauded the bill, saying it will put the country "on the path to a clean energy economy" that will create more jobs in the field and break dependence on foreign oil.

He said he looks forward to "engaging with Senators from both sides of the aisle and ultimately passing a bill this year."

The House of Representatives last year has already passed a climate bill.



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