From Tom Nelson:

Democrats Try to Haggle Together a Cap and Trade Bill – TIME – [Can’t we just structure a deal where EVERYBODY ends up pocketing billions of dollars in extra cash?]
Representatives of energy-intensive industries that have global competition — steel, aluminum, concrete, chemical and pulp and paper — are seeking credits if they produce less carbon dioxide per ton of output than the international average for each industry. . . . The task for Waxman is to grant the concessions he needs to form a majority for a bill without diluting its environmental benefits. His current focus, he said, is to assure that no part of the country bears a disproportionate share of costs. But, regardless of concessions, he added, the emissions cap will guarantee that “environmental integrity” is preserved.