Consumers will get two-thirds of the revenue raised through auctioning of carbon allowances to U.S. industries under Senate climate legislation currently being drafted, Sen. John Kerry (D-Mass.) said May 5.rnKerry said providing consumers a significant portion of the proceeds will shield them from rising energy costs that could be triggered by the legislation, which would put mandatory caps on U.S. greenhouse gas emissions. He did not specify what portion specifically would be rebated to consumers under the Senate bill rather than given to industry to shield consumers from higher costs.
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