Energy deal clubs Obama tax hopes - Washington Times

"If the president gets an opportunity to sign a bill that puts into law this nation reducing its greenhouse gas emissions by 83 percent by 2050, I think it will be hailed as a substantive achievement by all of those involved," [White House spokesman] Mr. Gibbs contended.
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No price has been set for the permits, although estimates have ranged from $12 to $200 per ton of carbon dioxide.
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The legislation keeps some of the more controversial provisions, including a provision that allows individuals to file "citizen suits" against the government if they can show harm from global warming and a "grandfather clause" for coal-powered plants backed by a powerful lobbying coalition that represents energy companies and other businesses.

Waxman-Markey Climate Change Bill Advances | GreenBiz.com

Greenpeace, Friends of the Earth, Public Citizen and TheCLEAN.org coalition are calling for politicians to dump the bill and start over.

“Despite the best efforts of Chairman Waxman, this bill has been seriously undermined by the lobbying of industries more concerned with profits than the plight of our planet,” Greenpeace USA Executive Director Phil Radford said in a statement. “While science clearly tells us that only dramatic action can prevent global warming and its catastrophic impacts, this bill has fallen prey to political infighting and industry pressure."