1. Carbon Bill Makes First Footprint

    Carbon Bill Makes First Footprint

    A group of House lawmakers introduced Tuesday night the first bipartisan carbon pricing legislation in a decade. Months in the making, the Energy Innovation and Carbon Dividend Act would start with $15 fee per metric ton of carbon dioxide on domestic oil, gas and coal sectors, ramping up $10 each calendar year until emissions standards are met. "It is the product of rigorous negotiations between Democrats and Republicans," Florida Democratic Rep. Ted Deutch, the bill's lead sponsor, told reporters on a conference call. Backers argue the effort will deliver major benefits: 2.1 million net new jobs by the 10th year; 13,000 avoided pollution-related U.S. deaths annually and a 90 percent reduction in carbon emissions from 2015 levels by 2050.

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  1. Quotes

    1. It is the product of rigorous negotiations between Democrats and Republicans.
    2. I don't know how successful — again, where are you getting that money from?
    3. Anything that diminishes the jurisdiction and the authority of Energy and Commerce I think would be an institutional problem because I think our committee is perfectly capable of dealing with these issues and has.
    4. We had been asking for some level of permanence, rather than termination in 2024.
    5. What we want is clarification that storage is eligible in and of itself.
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