UPDATE 1-US budget to have CO2 revenues by 2012-W.House

Newswire

(adds background, details) WASHINGTON, Feb 24 (Reuters) - U.S. President Barack Obama's budget accounts for revenues from an emissions trading system in 2012, White House spokesman Robert Gibbs said on Tuesday. "That's true," Gibbs said when asked whether a cap-and-trade system for greenhouse gases would be in place in time for revenues to be generated by 2012. The president, a Democrat, has said he wants the United States to take the lead in fighting climate change. During his ...

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