Posted by
Defend America on Tuesday, August 04, 2009 4:33:34 PM
Climate Bill to Raise Power Costs 20%, EIA Says (Update2)
By Daniel Whitten
Aug. 3 (Bloomberg) -- Electricity prices would rise 20
percent by 2030 under climate legislation being considered in
Congress, according to a draft study by a U.S. energy agency.
The report, to be issued by the Energy Information
Administration, also says that polluting companies would
initially meet most greenhouse gas reduction targets by
sponsoring forestry and agriculture projects rather than cutting
their own emissions. Even with the development of technologies
designed to capture carbon dioxide from coal-fired power plants,
gas and nuclear-fueled power generation will take market share,
the report says.
http://www.bloomberg.com/apps/news?pid=20601130&sid=asfek4pnFOJY