Cap-and-Trade Revenue Report Draws Fire

摘要

The oil and gas industry expressed outrage Wednesday over a report saying the White House expects its cap-and-trade climate program to raise "two-to-three times" more revenue than originally envisioned in its February budget proposal.Jason Furman, deputy director of the National Economic Council, reportedly told a bipartisan group of Capitol Hill staffers in late February that President Obama's climate plan is expected to raise "two-to-three" times more than the budget proposal estimate of $646 billion for the period from 2012 to 2019.