Chairman Henry A. Waxman and Subcommittee Chairman Edward J. Markey introduced “H.R. 2454, The American Clean Energy and Security Act.” The Energy and Commerce Committee will begin markup of the bill on Monday, May 18, 2009, at 1:00 p.m., and will complete consideration before the Memorial Day recess.
“The legislation will create millions of new clean energy jobs, save consumers hundreds of billions of dollars in energy costs, promote America’s energy independence and security, and cut global warming pollution,” said Chairman Waxman. “In support of these goals, this legislation ensures that consumers and industries in all regions of the country are protected. I look forward to working with all members of the Committee to approve this legislation to make America the world leader in new clean energy and energy efficiency technologies.”
For some of you who have time on your hand, the proposed bill is over 900 pages long.
There have been a lot of complaints – mostly from the Republican side – that the greenhouse gas cap-and-trade bill is a “tax” on Americans. These same people fail to understand that the purpose of the bill is to provide a disincentive for industries (primarily the coal-fired power plants) to continue to emit carbon dioxide into the atmosphere. That’s the whole idea of cap-and-trade. If you cannot meet the emission limit, you have to go to the open market and purchase emission credits. For those companies that choose to install emission control equipment, they would not have to pay millions to purchase emission credits. The bill would create jobs in the pollution control industry.
If cap-and-trade is to be considered a “tax”, then the regulations that control the disposal of hazardous and toxic wastes would also be a “tax” because companies that generate hazardous wastes will have to pay more to have them disposed of properly. Are we against the regulation of toxic wastes?
So are those people who are against cap-and-trade also against regulating the disposal of toxic wastes? How would these people feel if some company dumps a load of toxic wastes on their front lawn where their children play?
Anyone cares to comment?