S. 2191 would direct the Administrator of the Environmental Protection Agency to establish a program to decrease emissions of greenhouse gases.
Detailed Summary
America's Climate Security Act of 2007 - Requires the Administrator of the Environmental Protection Agency (EPA) to establish: (1) a greenhouse gas (GHG) registry; and (2) a GHG emission allowance transfer system for covered facilities, including specified facilities within the electric power and industrial sectors and facilities that produce or entities that import petroleum- or coal- based transportation fuel or chemicals. Sets forth emission allowances for 2012-2050, with a declining cap on GHGs.
Provides for selling, exchanging, transferring, submitting, retiring, or borrowing emission allowances. Establishes: (1) a domestic offset program to sequester GHGs in agriculture and forests; and (2) the Bonus Allowance Account.
Establishes the Carbon Market Efficiency Board, which shall observe and report on the national GHG emission market and provide cost relief measures if it determines that the market poses significant harm to the U.S. economy.
Provides for the distribution of emission allowances, including initially giving allowances to: (1) specified owners and operators of covered facilities; (2) states; (3) load-serving entities that deliver electricity to retail consumers; (4) the Secretary of Agriculture to reduce GHG emissions in the agriculture and forestry sectors; (5) international forest protection activities; and (6) the Emission Allowance Account for covered facilities in the electric power and industrial sectors.
Establishes in the Treasury and provides for allocations from: (1) the Energy Assistance Fund; (2) the Climate Change Worker Training Fund; (3) the Adaptation Fund; and (4) the Climate Change and National Security Fund.
Establishes the Climate Change Credit Corporation to auction emission allowances. Provides for the use of auction proceeds, including for a zero- or low-carbon energy technologies program, an advanced coal and sequestration technologies program, incentives for production of fuel from cellulosic biomass, and an advanced technology vehicles manufacturing incentive program.
Amends the Energy Policy and Conservation Act to set forth provisions concerning appliance energy efficiency requirements and state building energy efficiency code updates.
Requires the President to establish an interagency group to determine whether foreign countries have addressed GHGs.
Directs the Administrator to establish an international reserve allowance program. Requires the proceeds from sales of such allowances to be used to mitigate the negative impacts of climate change on other countries' disadvantaged communities.
Amends the Safe Drinking Water Act to require the Administrator to permit commercial-scale underground injection of carbon dioxide for purposes of geological sequestration.
Requires the Secretary of Energy to study the feasibility of the construction of: (1) pipelines for the transportation of carbon dioxide for sequestration or enhanced oil recovery; and (2) geological carbon dioxide sequestration facilities.
Directs the Administrator to establish a task force to study the cost implications of potential federal assumption of liability with respect to closed geological storage sites.
Authorizes the President to waive this Act's requirements in a national security emergency.
Requires the Securities and Exchange Commission (SEC) to direct securities issuers to inform investors of material risks related to climate change.
Status of the Legislation
Latest Major Action: 5/20/2008: Placed on Senate Legislative Calendar under General Orders. Calendar No. 740.
Points in Favor
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Points Against
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Visitor Comments
Michael
yep
Mia
I am working two jobs (part time) now, have 2 used cars and my husband is self employed. We are doing what we have to to survive and the ding dongs in Congress think I can afford this? They need to stop their own pay raises before I have to sacrifice anything else. They have a lot more money than I do. They are really out of touch. Cut some spending folks. Cut the pork.
Jan
This is corruption at its finest! The EPA should fine the offenders for the pollution they produce and force the offending companies to invest in cleaning up their own systems to comply with reasonable limits of emissions. Trading in "permission slips" to pollute is just plain crazy!
Shona
Are they out of their freaking minds!!! Surely this will not pass. But then you never know what those idiots in Washington will do next.
Donna
I think it is about time we got rid of some of those people in Washington and put in some new ones who understand the deception in this.
greatdanes
CORRUPTION is the RIGHT word.
Global warming "Horses Assess ". Everyone is Drinking from the Same Water trough. This Sh*t has to STOP. Call All representatives and tell the "Fools" Stop Destroying America and stop being Polite about the Message. Obliviously, they need a 2 x 4 to Hit them Up side the Head before they Wake Up and Do the Right thing for America.
Cher Blake
No wonder manufacturing is dead in THIS COUNTRY. The EPA is an agency out of control. We need our own refineries once again and we need to bring manufacturing and jobs back to America. Our tax revenues need to be WISELY spent because we work hard to pay it.
Bob
If Global warming were real at least one of these half wits would be demanding that we switch to hydrogen. BMW has a car that runs on hydrogen or gasoline.
Rob
dont be fooled, the technology to use cleaning energy has been around for a very long time. this is just another ploy to "STEAL" our money and gain complete control over the industry. VOTE NO TO S. 2191
we're watching you ;o)
Daniel
This is really smart. When we give all our money to the government then the climate will cool down... I don't think so.
You're Kidding
Don't you think our economy is in bad enough shape already? Let's not add to the middle class burden. Cut government spending. They already waste enough of our tax money. Let's invest in renewable energy, like wind farms. Come on congress, give us a break, we ARE HURTING, gas, groceries, and utilities are high enough. Lets not add to the cost, let's find a way to reduce costs, please.
Hank
The oil is in Texas, Oka., off the east and west coasts etc. The dipsticks are in Washington. Any questions??
Jubilator
If anyone on this site doesn't believe in global warming, they need to watch "The 11th Hour" sometime. We have to do something about it before we are all extinct. If only people would stop paying the illegal income tax we would have a lot more to spend on preventing global warming.
Shepard Humphries
The 11th hour and other propaganda both for and against global warming are not good arguments for intelligent people. I appreciate what th einventor of the Internet has tried to do, but I prefer facts. (FYI, most mini-ice-ages end with some warming)
Confronting global warming is not a priority now... and if it is a problem, I trust the free Market to work it out.... look at the price of gas; $4.00! When it hits $6.00 more will be done to stop auto emissions than any governments dictates could!
Bryan Morton
Why isn't there a requirement that each bill must prove its Constitutionality? The powers of the federal government are "few and enumerated." That wouldn't stop them, but it would at least slow 'em down a bit. It's time to vote out the incumbents and start fresh.
Wilson
Global Warming is real. While variations in temperature do occur, it is the larger trend that we are concerned with. If you look at the level of emissions of CO2 since the late 1800s, they have skyrocketed.
Unfortunately, there are two types of people in America:
1. Extreme Neo-conservative Republicans in denial
2. Extreme Leftist Liberals who want to over-regulate
Ignoring global warming or denying it will not make it go away. Also, imposing stringent regulations in a quick fashion will kill the economy and create total havoc.
The measures to fight global warming must be imposed gradually over time. That doesn't mean at a snail's pace and it doesn't mean doing it overnight either.
America is being destroyed from within, by people so wrapped up in party ideology that they can no longer think for themselves.
John
Measures to fight "global warming" should not be imposed on the American people by our legislators or anyone else. The science behind the theory of global warming is iffy at best. See for example the comments by the founder of the Weather Channel: http://www.newsbusters.org/blogs/noel-sheppard/2007/11/07/weather-channel-f...
will
$13,000 a year would mean our home,and one of our cars would be gone.And one job would be devoted to paying this and daycare exclusively.
Global warming is probably one of the single most effective tools sociliast/marxist have ever had.
Raw power over every area of peoples lives created by fear and lies.
Martin
If it's really going to cost $5,369.20 per person then I say we just let the planet die and party hard until then.
Still, if we paid all of this money we'd still just be effecting our own emissions. Other developing nations could be canceling out any reductions we make.
Steve
Basing legislation on unproven scientific theory is beyond recklace, particularly given the cost. The globe may be getting warmer, but to suggest that it is man's fault alone is just another excuse to steal money and place controls on Americans.
Besides, even if we can reduce greenhouse gasses by 50%, China more than makes up the difference. In fact, we can reduce is by 100% here and not make a huge global impact. The only thing you end up doing it trashing America, and I can't quite get beyond the possibility that this is exactly what is going on.
The EPA is an out of control entity. To give it more power and money is an extremely dangerous move to both wallet and freedoms.