UPDATE 1-Senators outline compromise U.S. climate bill

Fri Dec 11, 2009 1:17am IST

(Adds background, quote from Senator)

WASHINGTON Dec 10 (Reuters) - U.S. senators outlined a compromise climate bill on Thursday that emphasizes energy independence, a move that could strengthen President Barack Obama's position at U.N. climate talks in Copenhagen next week.

The compromise between Senators John Kerry, a Democrat, Joseph Lieberman, an independent, and Lindsey Graham, a Republican, seeks to speed up the legislation, by casting it as a jobs and energy-independence bill.

"We are confident our climate legislation will keep American jobs in America," Lieberman told reporters, adding that the bill would get done.

The senators said a near-term target to cut U.S. emissions by 17 percent below 2005 levels was achievable and reasonable. Obama is expected to pledge the United States will cut emissions at about that level at the talks in Copenhagen next week.

A 17 percent target would be less than the 20 percent reduction that was proposed in an initial Senate bill written by Kerry and Democratic Senator Barbara Boxer of California. (Reporting by Ayesha Rascoe and Timothy Gardner)

  • Most Popular
  • Most Shared

Reforms Plan

REUTERS SHOWCASE

Border Talks

Border Talks

India names Ajit Doval as special envoy for China border talks.  Full Article 

WTO Deal

WTO Deal

U.S. seeks to step up India trade talks  Full Article 

Phone Masts

Phone Masts

American Tower to buy Bharti Nigeria phone masts for $1.1 billion  Full Article 

Infrastructure Plan

Infrastructure Plan

India targets private cash to build railways to its ports.  Full Article 

Shadow Banking

Shadow Banking

Reserve Bank planning more measures for NBFCs.  Full Article 

Auto Sector

Auto Sector

Hyundai Motor, Kia Motors lift 2014 global sales target on China, emerging markets  Full Article 

Oil Prices

Oil Prices

Some fund managers see oil falling to $60 without OPEC cut.  Full Article 

Project Shelved

Project Shelved

Jindal Steel shelves $10 bln project after coal setback.  Full Article 

Market Eye

Market Eye

Sensex, Nifty rise to record after China, ECB stimulus boosts risk appetite.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage