Scott Signs Bill to Repeal Cap and Trade Law

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Tallahassee,FL--April 07, 2012--

TALLAHASSEE, Fla. (AP) -- Gov. Rick Scott has signed a bill repealing a cap and trade law designed to control power plant emissions in Florida.

Scott signed the bill (HB 4001) on Friday.

The law was never implemented since the Legislature passed it in 2008 at the urging of then-Gov. Charlie Crist.

It was intended as a market-based approach to controlling greenhouse gas emissions that are contributing to global warming.

The concept, though, has fallen out of favor among Republicans who control the Florida Legislature. They contend it would kill jobs and have questioned scientific evidence linking such emissions to climate change.

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