President Obama is considering backing off a campaign pledge to auction off all emissions permits issued under a proposed cap-and-trade system to limit greenhouse gas. In an interview with the Washington Post, White House science adviser John Holdren said the administration might auction only some of the permits and give the rest away. Energy industry leaders have lobbied against the blanket auctions, calling them too costly.
US Considers Easing Emissions Auctions
HeadlineApr 09, 2009