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Senate devotes warming fees to energy subsidies
Mar 31st, 2009 by Administrator |

Associated Press: The Senate has endorsed using revenues from controversial cap-and-trade auctions of permits for emitting greenhouse gases to help consumers pay higher gasoline and electricity prices. The 54-43 vote Tuesday is nonbinding. It took place as the Senate debated a budget plan designed to help advance President Barack Obama’s program to slow global warming, an initiative that administration officials acknowledge will raise energy prices. Industries emitting large amounts of …

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