Businesses praise process but not ready to endorse climate bill yet

Kerry and Lieberman -- and Sen. Lindsey Graham (R-S.C.) too before he withdrew his support for the bill -- made a concerted effort to reach out to businesses in hopes of tempering opposition.

Top aides for Kerry and Lieberman, for example, briefed the Chamber’s energy and environment committee last Friday on the bill. Kerry and Lieberman have also met with Chamber CEO Tom Donohue as they pieced the bill together.

Some business trade groups said they had had enough time to review the bill.

The National Petrochemical and Refiners Association said the bill would, “hurt American families and workers, weaken the nation’s economic recovery and harm U.S. national security.”

But it also seems clear the legislation has won support from significant segments of the economy. Officials from the Edison Electric Institute and the Nuclear Energy Institute, important lobbies for electric utilities, were at a press conference to release the legislation, called the American Power Act.