Skip to comments.US Sen Bingaman Outlines Climate Change Energy Legislation
Posted on 03/05/2009 7:21:34 AM PST by jessduntno
US Sen Bingaman Outlines Climate Change Energy Legislation
WASHINGTON -(Dow Jones)- Influential Democratic U.S. Sen. Jeff Bingaman, D-N.M., has set the stage for a congressional battle with the Obama Administration over upcoming climate legislation.
Bingaman, who heads the Senate Energy committee, outlined Thursday a package that would give a major boost to the renewable energy, efficiency and transmission sectors and reveals that, despite their censure of the oil industry, Democrats acknowledge that crude oil will play a vital role in the nation's energy mix for years to come.
Speaking to reporters at a Platts Energy Forum, Bingaman said his energy committee will be considering legislation that would create a national emergency stockpile for gasoline and diesel fuel, a policy the Department of Energy last week told Dow Jones Newswires it's also considering.
The chairman, however, objected strongly to President Barack Obama's proposal to cut greenhouse gases by capping emissions and auctioning off 100% of the credits for the right to emit.
Bingaman said such a plan would place too much of a financial burden on the electricity generation industry, and therefore also on consumers and the economy. The Energy and Commerce Committee is drafting a major new energy bill over the next few weeks that would establish a federal requirement that an increasing percentage of power come from renewable energy sources and efficiency measures, and give the government much stronger powers to site national transmission lines. Meanwhile, Senate leaders have said lawmakers are working on developing a climate change bill that would cap emissions and create a market for the right to emit.
(Excerpt) Read more at easybourse.com ...
The democrats need to wake up to the fact that the US can not afford their delusions about global warming. They have to give up the sham excuse to grab even more power.
Why, wasn’t there enough leverage in the deal? They should auction off 500% of the carbon credits created.
I don't think you are familiar with a certain Senator Boxer from California. Bingaman is a genius compared to her.
Pretend hoax, real taxes.
The Drive By Media laughingly refers to ‘Hawaiian Born’ Obama keeps his office so hot jackets are removed. Hawaiian born apparently means you can’t take cold weather....Obama’s America is not the same America he sees for and uses for himself......apparently not for the British Prime Minster and Mrs. Brown either as both Obama’s were rude to these great friends of our Nation.
“The Drive By Media laughingly refers to Hawaiian Born Obama keeps his office so hot jackets are removed. “
Not until he breaks out some ID...but, the SOB has lived in Chicago for 20+ years..WTF...he left HI after High School...
Hmmm. Maybe some of Pete Domenici’s even handed treatment of the energy industry over the years rubbed off on Bingaman. But more likely even a liberal Democrat like he is realizes what a disaster it would be for the industry and then the country to replace relatively cheap, reliable energy with energy that depends on the whim of the wind and the sun.
If you want on or off the NM Ping list, please FReepmail me.
Access to the ping list is available to anyone by going to my FR home page.
Can someone get paid to consume CO2? For a small fee ocean freighters could sprinkle enough algae nutrients to start a major ice age.
Water rights are generally first in time, first in right. There is no volume tax for this right to consume, else farmers would go out of business. CO2 rights should follow this template.
Down the road to tyranny and serfdom is where this road goes.
DemocRATS are erecting billboards saying, “Paradise just Ahead!” and “Paradise with Cheap, Clean, Renewable Energy”