Dec. 11 - New Senate Climate Change Bill Is Superior Starting Point
Statement of Tyson Slocum, Director, Public Citizen’s Energy Program
Today’s introduction of the bipartisan CLEAR (Carbon Limits and Energy for America’s Renewal) Act by Sens. Maria Cantwell (D-Wash.) and Susan Collins (R-Maine) offers a needed new direction in America’s debate on addressing climate change. While the legislation is far from perfect, it offers a superior starting point than competing bills that passed the House of Representatives and the Senate Environment & Public Works Committee, and the proposed legislative framework offered by Lieberman-Kerry-Graham. Importantly, the legislation echoes President Obama’s call, made most recently in his mid-session budget submitted to Congress in August, that polluters should pay through a 100 percent auction of emission allowances. This is in stark contrast to competing proposals, which give away nearly all such allowances for free. Additionally, the CLEAR Act would significantly limit the creation and operation of a secondary derivative trading market, thereby curtailing the ability of Wall Street to profit and speculate.
Read full statement, here.
Because Public Citizen does not accept funds from corporations, professional associations or government agencies, we can remain independent and follow the truth wherever it may lead. But that means we depend on the generosity of concerned citizens like you for the resources to fight on behalf of the public interest. If you would like to help us in our fight, click here.
|Join | Contact PC | Contribute | Site Map | Careers/Internships| Privacy Statement.|