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    Waxman Markey Cap and Trade’s Biggest Losers: Chemical Plants and Chemicals

    When it comes to cap and trade, Texas Congressman Gene Green asserted, I’d like to vote for a bill, but I’m not going to vote for one unless I think it’s going to be good for the area I represent.” He went on to say his district had “more chemical plants than I can count.” This is a problem for proponents of cap and trade, because the chemicals industry is one of the most energy-intensive industries in the United States. Since cap and trade artificially drives up the price of … More