Trying to convey broad support for President Obama's decision to vow greenhouse emissions cuts in an upcoming visit to Denmark, the White House tonight released statements from a host of prominent officials. Among them: Lew Hay, CEO of Florida Power & Light.
"We commend the president for his efforts and leadership as the world strives for agreement on reducing greenhouse gases," Hay said. "Here at home, it’s critical that Congress act to cap and price carbon emissions while providing financial protection to energy consumers. The U.S. energy sector is ready to lead the world into a low-carbon future, but we need the right price signals to point the way."
From the AP: Cutting U.S. carbon dioxide emissions by one-sixth in just a decade would increase the cost of energy as electric utilities pay for capturing carbon dioxide at coal burning power plants or switch to more expensive alternatives. The price of gasoline likely would increase, and more fuel efficient automobiles - or hybrids that run on gasoline and electricity - likely would be more expensive.
Still, there is widespread disagreement over the cost to consumers.

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