During President Barack Obama’s White House Press conference yesterday the focus was mostly on Iran and health care reform, but he also commented on the House climate energy bill.
The bill written by Democratic Representatives Henry Waxman of California and Edward Markey of Massachusetts is scheduled for a House floor debate and vote on Friday.
President Obama fully endorsed the bill called it “extraordinarily important.” He urged members of the House to pass the bill and said it would make the U.S. a global leader in clean energy technology.
The bill includes a cap-and-trade system for green house gas pollutants and funds new clean energy projects such as geothermal, solar and wind.
It is unclear if the vote is likely to pass since there is nearly no Republican support and some wavering from moderate Democrats from farm states.
For more a simple break down of what’s in the bill go to Grist and for the latest information about what is happening on Capitol Hill check out Politico.