President Barack Obama’s proposal to charge billions of dollars for pollution permits has divided businesses, environmentalists and Democrats all needed to help pass a U.S. law to limit climate damage from greenhouse gases.
The president, top members of his party, some Republicans and corporations such as General Electric Co. and Duke Energy Corp. all support fighting global warming through setting up a European-style market for trading permits to release carbon dioxide. They disagree on whether companies should have to buy the government-issued allowances or, at least at first, get them for free in the proposed cap-and-trade system.
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