% | $
Quotes you view appear here for quick access.

Exxon Mobil Corporation Message Board

  • bluecheese4u bluecheese4u Jun 20, 2013 8:04 PM Flag

    Sen. Feinstein plans power plant carbon bill

    Sen. Feinstein plans power plant carbon bill

    By Ben Geman - 06/20/13 01:55 PM ET

    Sen. Dianne Feinstein (D-Calif.) said Thursday that she’s planning legislation that would impose a fee on carbon emissions from power plants, a measure that’s narrower than carbon bills circulated by other Democrats.

    Feinstein told reporters that her bill would assess a $10-per-ton fee on emissions “just for the utility industry,” and that she plans to float the measure in a couple of weeks.

    It would add to other carbon tax bills that are piling up even as the concept faces long odds on Capitol Hill.

    Sens. Barbara Boxer (D-Calif.) and Bernie Sanders (I-Vt.) have introduced a plan, and Sen. Sheldon Whitehouse (D-R.I.) and Rep. Henry Waxman (D-Calif.) have floated a draft bill, too.

    Feinstein’s plan would cover a smaller range of industries than the other measures, and launching the fee at $10-per-ton is less aggressive than the other bills too.

    The Center for Climate and Energy Solutions has a handy chart here that compares the Boxer and Whitehouse plans, which differ substantially in structure.

    Boxer, chairwoman of the Environment and Public Works Committee, told reporters Wednesday that she will have a climate change hearing some time in July that will include discussion of legislative proposals.

    Climate legislation faces remote prospects of passage in the current Congress.

    President Obama, within weeks, is expected to announce plans for executive-level actions on global warming, including power plant regulations.


    SortNewest  |  Oldest  |  Most Replied Expand all replies
89.80-0.46(-0.51%)May 26 4:01 PMEDT