(Source: Pittsburgh Post-Gazette)

By Daniel Malloy, Pittsburgh Post-Gazette
Oct. 5--WASHINGTON -- While introducing her climate change bill
Wednesday, Sen. Barbara Boxer, D-Calif., told a cheering crowd in front of the
U.S. Capitol, "we have expanded our coalition in the business community."
In Pennsylvania, that coalition includes businesses that stand to
benefit, such as energy-efficient windows manufacturer Serious Materials and
wind turbine maker Gamesa.
But heavy industry concerns in Western Pennsylvania, including U.S.
Steel, Alcoa and Consol Energy, expressed varying degrees of dismay and fear
last week at what the Clean Energy Jobs and American Power Act could mean for
their businesses -- and for energy consumers.
The bill, similar to House of Representatives legislation that narrowly
passed in June, sets aggressive deadlines for greenhouse gas reductions and
creates a cap-and-trade system in which a price is set to emit carbon above a
certain level and the right to do so is traded in a newly created market for
big polluters.
The result, according to foes of the bill, will be higher energy prices
and job losses when utilities scale back because of increased costs.
"You run the risk of having a lot of major coal-fired power plants shut
down," said Tom Hoffman, spokesman for Cecil-based coal producer Consol
Energy.
But in the long run, argue environmentalists and officials with "green
jobs" companies, energy costs will come down and jobs will be created in areas
of renewable energy and efficiency that cannot be outsourced. In addition, the
act could create momentum for a global consensus to reduce emissions and,
perhaps, stave off global warming. And by spending less on foreign oil, they
contend, the United States will reduce funding to potential enemies.
"This bill is the first of many steps toward a cleaner, healthier, safer
world," said Adam Garber, an organizer for PennEnvironment.
A crucial detail to be filled in as the bill proceeds through Environment
and Public Works, Finance and other committees, is how carbon offsets -- or
emissions-reduction credits -- will be doled out in the cap-and-trade market.
Aluminum maker Alcoa also would like to see more guidance on how carbon
payments would be phased in, and more concessions for companies that compete
internationally.
Alcoa is a member of the United States Climate Action Partnership, a
group of 30 companies and environmental organizations that lobbies for
greenhouse-gas reductions coupled with protections for the economy. The group
includes the National Resources Defense Council, as well as Ford Motor Co. and
DuPont.