The Lieberman-Warner global warming cap-and-trade bill continues to meet growing opposition. In a November 19 article, Bloomberg News called efforts to promote the bill a "vain pursuit," and weighed in with a breakdown of the growing "resistance" the bill faces.
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The article quoted Ralph Izzo, chief executive officer of Newark, New Jersey-based Public Service Enterprise Group Inc., owner of the state's largest utility, stating: "I think there's less than a 20 percent chance that anything will happen in this Congress on climate change."
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