Obama defends climate bill's cap-and-trade plan
The climate-change legislation likely to win House approval Friday will produce "millions of jobs" in renewable energy technologies while slowing down global warming, President Obama saidYouTube - Obama Speaks on Energy Bill - Bloomberg
"A long-term benefit is we're leaving a planet to our children that isn't four or five degrees hotter," Obama said in an interview with Hearst Newspapers and five other news outlets.
During the 30-minute session in the White House's Roosevelt Room, Obama described the nation's energy challenges as both a matter of national security and environmental protection. He defended the cap-and-trade system he has endorsed, which would set caps on carbon emissions while allowing companies to trade or sell unused energy credits.
"I think it's the right thing to do," he said. "So this is a win-win-win-win-win proposition if we move forward in a bold, serious way."
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