Climate Bill Underlines Obstacles to Capping Greenhouse Gases

Climate Bill Underlines Obstacles to Capping Greenhouse Gases - washingtonpost.com

"This is just a money grab," said James E. Rogers, the chief executive of Duke Energy. Rogers says he supports a cap-and-trade system but argues that this bill raises too much revenue from coal users while diverting too much of it to other purposes. "Only the mafia could create an organization that would skim money off the top the way this legislation would skim money off the top," he said. Duke, with customers in Ohio, Indiana and the Carolinas, relies heavily on coal-fired plants.