U.S. Rep. John Dingell (D-MI) releases the first in a series of white papers addressing climate change that includes the prospect of instituting a cap-and-trade policy on auto makers – although the congressman calls it the least desirable approach. The white paper suggests auto makers would submit allowances equal to the expected greenhouse gas emissions of a vehicle they sell. Those emissions could be estimated, the paper says, based on assumptions about a vehicle’s useful life, use ...
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