Two Democrats Float Cap & Dividend Bill As Route To Carbon Pricing

Key Democrats in both chambers are re-introducing “cap-and-dividend” legislation that would create a greenhouse gas permit program for “first sellers” of carbon-based fuels while rebating all revenues directly to the public, arguing their approach could be the most politically viable route to passing carbon pricing legislation. The legislation from Sen. Chris Van Hollen (D-MD) and Rep. Don Beyer (D-VA) is the latest move by Democrats to refocus Hill attention on major legislation to attack global warming though some kind of...