Business Standard
Friday, Jun 01, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

US House passes historic climate change bill
AFP/PTI / Washington Jun 27, 2009, 10:36 IST

The US House of Representatives narrowly passed a historic legislation to limit pollution blamed for global warming, handing President Barack Obama a major, hard-fought victory.     

By a 219-212 margin, lawmakers yesterday voted for the first time in US history to limit heat-trapping carbon emissions and shift the US economy to cleaner energy in a move backers said will create jobs and restore Washington's shaky leadership on climate change ahead of global talks set for December.     

Obama immediately hailed the vote, telling reporters at the White House that it amounted to "a victory of the future over the past" as well as "a bold and necessary step."     

"The American people are demanding that we abandon the failed policies and politics of the past; we no longer accept inaction; that we face up to the challenges of our time. And today, the House has done exactly that," he said.     

The "American Clean Energy and Security Act" aims to reduce greenhouse gas emissions by 17 percent from 2005 levels by 2020, and 83 percent by 2050, create "green" jobs, and wean the US economy from oil imports.     

The bitter, day-long debate pitted supporters who argued the bill would put a shine back on the battered US economy and foes who described the measure's more than 1,200 pages as a grim recipe for long unemployment lines.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets post worst May performace since 2006
- US jobs data points to recovery losing momentum
- FII-TO-FII TRADES: PNB traded at 5% premium
- Sugar output up at 25.5 million tonne this year surpasses govt estimate
- CoalMin identifies 54 blocks for allocation through auction
  Read Business news in 
- Help a Child Achieve her. Click to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- Watch The Film Here. Click here to know more..
- 1 billion in saving for Unilever without any tangles.
- One Partnership Endless Possibilities. Click here to know more
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Slowdown gets worse, GDP growth sinks to 9-year low
- M&M has a Rs 7,500-cr spending plan over three years
- India Inc ready to shift to other side of the dot on www
- India to be $2-trn economy by FY13-end?
- IIT alumni to move court on changes in JEE
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us