A new report from Pew finds that:

The economic impact of a cap on greenhouse gases will be manageable for industries like aluminum and steel that consume massive amounts of energy, according to a report (pdf) being released today from a nonpartisan research group.

Climate legislation similar to what is currently being considered in the House would not cause energy-intensive companies to move overseas en masse or lose major market share to foreign competitors operating in countries without global-warming regulations, the study from the Pew Center on Global Climate Change finds.

I wonder if Representatives Pence and Boehner have seen this report.