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)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared
People walk in the Wipro campus in Bangalore June 23, 2009. REUTERS/Punit Paranjpe/Files

Wipro Q4 net profit beats estimates, rises 29 percent

Wipro posted a 29 percent rise in its fourth-quarter net profit, beating expectations, helped by increased IT spending by its customers. For the quarter ended March 31, the company said it earned 22.27 billion rupees compared with 17.29 billion rupees a year earlier.  Full Article | Full Coverage 

REUTERS SHOWCASE

Election 2014

Election 2014

India holds biggest day of voting with BJP gaining strength  Read | Full Coverage 

Market Eye

Market Eye

Sensex jumps 351 points, snaps 3-day losing streak  Full Article 

Insider Trading Case

Insider Trading Case

Ex-Goldman director Rajat Gupta to surrender June 17 in insider case.  Full Article 

Expansion Plans

Expansion Plans

Reliance Industries, HPCL Mittal plan refinery expansions.  Full Article 

S&P on India

S&P on India

S&P: India's ratings to depend on next govt econ, fiscal policies.  Full Article 

Ambitious Aim

Ambitious Aim

In green car race, Toyota adds muscle with fuel-cell launch.  Full Article 

Deal Talk

Deal Talk

Piramal to buy 20 percent stake in Shriram Capital for $334 million.  Full Article 

Bond Market

Bond Market

A star abroad, RBI boss riles bond traders at home  Full Article 

Reuters India Mobile

Reuters India Mobile

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