Sen. Whitehouse: New climate task force raises prospects for a U.S. CBAM

A new task force announced this week by the White House could boost congressional efforts to develop a tool to curb emissions-intensive imports, Sen. Sheldon Whitehouse (D-RI) said on Tuesday, promising to push for the group to seriously consider his proposal for a carbon border adjustment mechanism. “I think we’re in a happier situation with respect to the CBAM than we have been in past conversations,” Whitehouse, a member of the Senate Finance Committee, told U.S. Trade Representative Katherine Tai...