Climate change bill in trouble? Enviros, Big Oil & FPL against it

The first climate change legislation to pass a congressional subcommittee is in trouble, beset by objections from an unlikely group of allies -- including Florida's largest utility, according to Bloomberg News.

"The alliance is running into resistance from an unlikely collection of environmental activists, big oil and coal companies, labor unions and Congress's sole socialist," reports Bloomberg News. "Some opponents say the measure doesn't go far enough; others say complying with it would cost too much and put U.S. businesses at a competitive disadvantage.                    The fight threatens to scuttle the first legislation mandating emissions cuts to be approved by a congressional subcommittee."

And what's Florida Power & LIght's objection? " FPL Group Inc., Florida's biggest utility owner and one of the nation's biggest investors in wind power, says the measure awards too many free allowances to the largest polluters," Bloomberg reports. "Juno Beach, Florida-based FPL has asked that any legislation also give it credit for its investments in non-polluting energy production."

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--Craig Pittman