Former CEQ Chairman Connaughton discusses Senate cap-and-trade bill
With the Senate Environment and Public Works Committee preparing to hold hearings on the Kerry-Boxer "Clean Energy Jobs and American Power Act," what are the prospects for passing a climate bill this year? How will allowances be distributed in the Senate's final bill? During today's OnPoint, James Connaughton, executive vice president at Constellation Energy and the former chairman of the White House Council on Environmental Quality, gives his take on the Kerry-Boxer climate bill. Connaughton also discusses the impact the upcoming international negotiations will have on the pace at which the Senate moves this legislation.