Legislative Update Archive
Alabama Policy Institute
Cap-and-TradePublished: August 13, 2009 - API New Media Presents. . .
Cap-and-Trade
BIRMINGHAM, AL The recently House-passed American Clean Energy and Security Act, also known as the Waxman-Markey bill or cap-and-trade, is a bill which if passed would create havoc in our economy. Estimates are that this legislation will raise electricity rates by an astounding 90 percent; gasoline costs by 74 percent; and the cost of natural gas by 55 percent. The bill is now in the U.S. Senate awaiting debate.
For more information, contact Michael Ciamarra, API Vice-President at michaelc@alabamapolicy.org or 205.914.3248.
The Alabama Policy Institute (www.alabamapolicy.org) is an independent, non-profit research and education organization. As a resource to federal, state and local government, the media, and citizens, we research the issues being debated in Montgomery and Washington and provide our analysis and ideas through our publications and reports.
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