The US House of Representatives on Friday passed by a vote of 219-212 the Waxman-Markey American Clean Energy and Security Act, which now moves to the Senate for consideration and could, if passed, prove to be an onerous financial burden on airlines, according to the US Air Transport Assn. The 1,200-page climate change bill places limits on US carbon dioxide emissions and creates a cap-and-trade regime for most industries intended to reduce greenhouse gas emissions 17% from 2005 levels by ...

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