American Clean Energy And Security Act of 2009"To create clean energy jobs, achieve energy independence, reduce global warming pollution and transition to a clean energy economy."This is the Waxman-Markley comprehensive energy bill, known for short as "ACES," that includes a cap-and-trade global warming reduction plan designed to reduce economy-wide greenhouse gas emissions 17 percent by 2020. Other provisions include new renewable requirements for utilities, studies and incentives regarding new carbon capture and sequestration technologies, energy efficiency incentives for homes and buildings, and grants for green jobs, among other things."
The American Clean Energy And Security Act of 2009 barely passed through the House of Representatives by a 7-vote margin. Most onlookers do not expect much from the Senate as support is mixed and the bill will likely be drastically changed before any attempt at passage. Yet, the Obama adminstration has been a strong supporter of green legislation and there is a chance the Senate will move on this bill.
Track the bill's progress here at TWS Investments!
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