U.S. Rep. Frank Lucas fights greenhouse gas bill

/> The legislation would place a national cap on carbon emissions and use a market-based system of credits to enforce the caps. Companies with more credits than they needed could trade credits to other companies unable to meet their emissions caps.

Rep. Collin Peterson, D-Minn., the chairman of the Agriculture Committee, voiced the concerns many farm-state lawmakers have about the system, saying that the U.S. Department of Agriculture should be tasked with overseeing how farms are regulated under the cap-and-trade regime.

Peterson also said he didn’t think the bill could get through Congress in its current form, in part because of the opposition from rural lawmakers.