Will Aces Deal Bizav a Losing Hand?

The House Energy and Commerce Committee’s draft of the American Clean Energy and Security Act of 2009 (Aces) creates greenhouse gas emission standards for aircraft and aircraft engines. It would also allow the Environmental Protection Agency Administrator to establish provisions for averaging, banking and trading emissions credits within or across classes and categories of transportation, as well as regulate carbon dioxide through a cap-and-trade program. Committee chairman Henry Waxman (D-Calif.) wants to move Aces to the House floor by the end of this month.