Obama, energy companies support clean energy bill

According to a New York Times report, the American Clean Energy and Security (ACES) Act of 2009 has passed the House of Representatives, recently receiving support from both President Obama and major power companies such as Duke Energy, National Grid, and NRG Energy.

Following intense last-minute wrangling among its members and lobbying from President Obama, the House of Representatives passed potentially landmark legislation June 26 that seeks to reduce the release of carbon dioxide by making industry pay for its emissions. The Democrat-sponsored bill passed on a 219-212 vote, including eight from Republicans–just one more than the minimum needed, reports Forbes. It has moved to the Senate, where experts predict another battle.

Obama stated in a news conference that the ACES Act would provide incentives to increase the development of clean-energy production and create jobs. The bill would limit gas emissions that contribute to global warming while creating a plan for polluters to buy and share emissions allowances. If the bill is passed and its projections are correct, the United States will reduce carbon emissions 80% by 2050.

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