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Lawmaker says climate bill no drag on US economy
By DINA CAPPIELLO and H. JOSEF HEBERT
Associated Press
2009-04-22 10:29 PM
The chief sponsor of a bill to limit U.S. production of greenhouse gases says his proposal to tackle climate change would spur clean energy development and would not be a drag on the economy.

Democratic Rep. Henry Waxman said Wednesday that claims by critics that controlling greenhouse gases will undermine the economy ignore the financial benefits of shifting to cleaner energy that does not contribute to global warming.

Waxman, opening a hearing on climate legislation, said critics argue there is a fundamental conflict between economic growth and clean energy. His reply is "that is a false choice," and the economic future of the United States and clean energy "are inextricably intertwined." Waxman's bill would cut emissions by 80 percent.

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