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The first far-reaching climate-change bill is headed for the Senate floor after Labor Day, heating up the debate in Congress and in corporate boardrooms about the costs and benefits of stricter environmental regulations. The Climate Security Act, spearheaded by Joseph Lieberman (I-Conn.) and John Warner (R.-Va.), would reduce greenhouse emissions 65% by 2050. The Chamber of Commerce is campaigning against the bill and mandated standards, while other corporate leaders favor increased regulation because, they say, it’s good for the environment and it’s good for the bottom line.

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