House Finally Releases Plan for Carbon Cap and Trade
Leaders of the House Energy and Commerce Committee have finally released their highly-anticipated draft legislation to cap greenhouse gas emissions.
Leaders of the House Energy and Commerce Committee have finally released their highly-anticipated draft legislation to cap greenhouse gas emissions.
The Environmental Protection Agency announced on Tuesday a first draft of a rule that will govern the geologic sequestration of heat-trapping carbon dioxide from power plants.
Geologic sequestration of global warming gases, is viewed by some as an essential component of a climate change policy portfolio.
Today is July 1, and that means North America’s first ever carbon tax will take effect in the Canadian province of British Columbia.
The carbon tax, introduced in the Feb. 19 budget, taxes carbon-based fuels like gasoline, diesel, natural gas and home heating fuel. The rate of taxation is $10 (Can.) per ton of greenhouse gases generated. The carbon tax will rise $5 a ton for the next four years until it hits $30 per ton in 2012. The tax increase works out to an extra 2.4 cents a liter on gasoline, increasing to 7.24 cents per liter by 2012.
The government has said all carbon tax revenue (roughly $1.8 billion over three years) will be returned to British Columbians through reductions to income and business taxes. But with rising gasoline prices, the addition of the new carbon tax will certainly be making some British Columbian drivers cringe when they fill up at the pump.
Over the last 7 years, the current administration has meddled with the affairs of the Environmental Protection Agency to such a degree, that the badgering and tampering is having a detrimental effect on the morale of agency staffers. And the latest news that EPA officials have ceased their efforts to follow a Supreme Court order to propose regulations for carbon dioxide emissions from automobile tailpipes is, yet another, in a long list of examples where the Bush administration has overstepped its legal boundaries and asserted its political will in matters where it shouldn’t.
Even though EPA administrator Stephen L. Johnson agreed with the court’s findings and proposed motor vehicle regulation to the Department of Transportation back in December, the agency has not evaluated dangers nor proposed any regulations - and is not expected to.
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