Congressional Climate Bills: Stealth Schemes to Raise Energy Prices and Enrich Wall Street

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-- reduce "atmospheric carbon dioxide to 350 parts per million....;"

-- supplement "existing environmental laws - especially the Clean Air Act - instead of gutting these successful and proven environmental protections;"

-- be "free of loopholes allowing polluters to delay or avoid reducing their greenhouse gas emissions;" and

-- avoid "habitat destruction and increased greenhouse gas emissions through perverse subsidies."

House of Senate bills fail "these tests." They're "a disaster for our climate and planet." The House bill lets polluters "escape real emissions reductions." The Senate bill:

-- bans Clean Air Act provisions and "existing state and local efforts to tackle climate change;"

-- facilitates, subsidizes, and accelerates oil and gas drilling, including offshore;

-- "subsidize(s) dangerous and costly nuclear energy; and

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