This week in Congress--CLIMATE SECURITY ACT

Congressional Legislation   'A bill to direct the Administrator of the Environmental Protection Agency to establish a program to decrease emissions of greenhouse gases, and for other purposes. ' Bill # S.2191 Original Sponsor: Joseph Lieberman (I-CT) Cosponsor Total: 12 (last sponsor added 02/28/2008)   7 Democrats   1 Independents   4 Republicans      About This Legislation: 10/18/2007--Introduced. America's Climate Security Act of 2007 - Requires the Administrator of the Environmental Protection Agency (EPA) to establish: (1) a greenhouse gas (GHG) registry; and (2) a GHG emission allowance transfer system for covered facilities, including specified facilities within the electric power and industrial sectors and facilities that produce or entities that import petroleum- or coal- based transportation fuel or chemicals. Sets forth emission allowances for 2012-2050, with a declining cap on GHGs. Provides for selling, exchanging, transferring, submitting, retiring, or borrowing emission allowances. Establishes: (1) a domestic offset program to sequester GHGs in agriculture and forests; and (2) the Bonus Allowance Account. Establishes the Carbon Market Efficiency Board, which shall observe and report on the national GHG emission market and provide cost relief measures if it determines that the market poses significant harm to the U.S. economy. Provides for the distribution of emission allowances, including initially giving allowances to: (1) specified owners and operators of covered facilities; (2) states; (3) load-serving entities that deliver electricity to retail consumers; (4) the Secretary of Agriculture to reduce GHG emissions in the agriculture and forestry sectors; (5) international forest protection activities; and (6) the Emission Allowance Account for covered facilities in the electric power and industrial sectors. Establishes in the Treasury and provides for allocations from: (1) the Energy Assistance Fund; (2) the Climate Change Worker Training Fund; (3) the Adaptation Fund; and (4) the Climate Change and National Security Fund. Establishes the Climate Change Credit Corporation to auction emission allowances. Provides for the use of auction proceeds, including for a zero- or low-carbon energy technologies program, an advanced coal and sequestration technologies program, incentives for production of fuel from cellulosic biomass, and an advanced technology vehicles manufacturing incentive program. Amends the Energy Policy and Conservation Act to set forth provisions concerning appliance energy efficiency requirements and state building energy efficiency code updates. Requires the President to establish an interagency group to determine whether foreign countries have addressed GHGs. Directs the Administrator to establish an international reserve allowance program. Requires the proceeds from sales of such allowances to be used to mitigate the negative impacts of climate change on other countries' disadvantaged communities. Amends the Safe Drinking Water Act to require the Administrator to permit commercial-scale underground injection of carbon dioxide for purposes of geological sequestration. Requires the Secretary of Energy to study the feasibility of the construction of: (1) pipelines for the transportation of carbon dioxide for sequestration or enhanced oil recovery; and (2) geological carbon dioxide sequestration facilities. Directs the Administrator to establish a task force to study the cost implications of potential federal assumption of liability with respect to closed geological storage sites. Authorizes the President to waive this Act's requirements in a national security emergency. Requires the Securities and Exchange Commission (SEC) to direct securities issuers to inform investors of material risks related to climate change. Detailed, up-to-date bill status information on S.2191.
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Climate Security Act

Some of our site visitors have written Congress about S.2191, the "America's Climate Security Act of 2007". This bill would place a cap on carbon emissions and reduce them through a "cap-and-trade" system. It would create a market for buying and selling emissions rights, and would primarily affect manufacturing, electric utilities, and transportation industries. Some who support the bill say it does not go far enough, while its detractors worry that it will hurt the competitiveness of U.S. industry.

Read the provisions of the bill here.

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The insanity never ends!

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Thursday, June 5, 2008 Dear Concerned Taxpayer, Right now, the Senate is considering "cap-and-trade" energy legislation that will attempt to limit greenhouse gas emissions, principally carbon dioxide, and establish a trading system for emissions allowances. But in reality, this legislation will place severe regulatory burdens on domestic industry, impede trade, and harm our nation's economy. I urge you, before you do anything else today, tell your Senators to vote NO on S. 3036, the Climate Security Act of 2008! Introduced by Sens. Joe Lieberman (I-Conn.) and John Warner (R-Va.), the Climate Security Act is nothing more than a hidden tax that would raise costs on energy use by $1.2 trillion by 2018! These higher costs would severely undermine our nation's ability to attract business and capital, while at the same time draining household budgets by increasing gas and electric bills for American families. The Climate Security Act will also create an army of new bureaucrats by requiring the Environmental Protection Agency to establish a greenhouse gas (GHG) registry, create a GHG emission allowance transfer system, and set emission allowances for 2012-2050. New agencies would include the Climate Change Credit Corporation, which will auction emission allowances, and the Carbon Market Efficiency Board, which will observe and report on the national GHG emission market. This dramatic expansion of government will eventually dictate every aspect of commercial and individual energy use. Ultimately, the cap-and-trade system will be open to manipulation and corruption, with politicians and bureaucrats picking winners and losers in the energy market. Some argue that cap-and-trade is environmentalism. But this kind of environmentalism is nothing more than an elite command-and-control system that will kill prosperity! Please tell your Senators to vote NO on the Climate Security Act of 2008! Sincerely,