Tag Archives: Jeff Bingaman

Bingaman and Murkowski: What is Clean Energy?

Senator Jeff Bingaman

Chairman of the Senate Energy and Natural Resources Committee Jeff Bingaman (D-New Mexico) and the Committee’s ranking Republican Lisa Murkowski (Alaska) released a white paper yesterday soliciting comment about President Barack Obama’s proposed Clean Energy Standard (CES).

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Another ?Green? Legislation Hits Senate: $1.5B For Energy Storage Companies

The Senate is considering yet another green-focused legislation. The? Storage Technology of Renewable and Green Energy Act of 2010, or simply? Storage 2010, introduced yesterday by Senators Jeff Bingaman (D-N.M.), Ron Wyden (D-Ore.) and Jeanne Shaheen (D-N.H.), could provide energy storage companies up to? $1.5 billion? in federal tax credits.? Continue reading Another ?Green? Legislation Hits Senate: $1.5B For Energy Storage Companies

Another “Green” Legislation Hits Senate: $1.5B For Energy Storage Companies

The Senate is considering yet another green-focused legislation. The  Storage Technology of Renewable and Green Energy Act of 2010, or simply  Storage 2010, introduced yesterday by Senators Jeff Bingaman (D-N.M.), Ron Wyden (D-Ore.) and Jeanne Shaheen (D-N.H.), could provide energy storage companies up to  $1.5 billion  in federal tax credits.  Continue reading Another “Green” Legislation Hits Senate: $1.5B For Energy Storage Companies

Lindsey Graham: Gulf Spill Means no Climate Bill

Lindsey Graham: A Puzzling Man

The politics of the BP oil spill keep getting more confusing.

Sen. John Kerry, D-Mass., is saying that the spill has prompted President Obama to finally get on board with the American Power Act and “thump the bully pulpit to urge Senate action” at a meeting with Republicans on Tuesday. However, Sen. Lindsey Graham, R-S.C., now says that only a small energy bill is possible because the oil spill has made the offshore drilling provisions in the measure a difficult sell. Okay, so why not abandon the drilling provisions? Continue reading Lindsey Graham: Gulf Spill Means no Climate Bill

In Historic vote House approves climate change bill; Debate moves to the Senate

In a close vote — 219 to 212 — the House of Representatives approved the American Clean Energy and Security Act (ACES), also known as the Waxman – Markey bill. This is a historic vote that brings the U.S. a step closer to having a comprehensive climate change law, and if enacted, a law that could impact every corner of the economy.

At the heart of the bill, and the source of much contention, is a cap – and – trade provision that seeks to cap CO2 emissions by forcing energy-dependent industries to pay for the right to emit CO2 and other green house gases. The bill targets overall CO2 emissions cuts of 17 percent by 2020 and by 83 percent by mid-century.

The legislation provides billions of dollars to support construction of solar and wind power plants. It also supports energy efficiency measures and smart grid technology.

When Energy and Commerce Committee Chairman Henry Waxman (D-Calif.) and co-sponsor Edward Markey (D-Mass) first introduced ACES in the spring, they laid out an ambitious time line and vowed to have a vote by the full house by the summer.

They did it, but getting there took a lot of horse-trading. One of the biggest compromises was the near total elimination of an administration plan to sell pollution permits as part of the cap-and trade program. The sale could have raised about $640 billion. Instead, about 85 percent of the permits are to be given away to carbon-dependent industries.

Also, just this week, in a bid to secure crucial votes from rural states, the bill’s sponsors agreed to hand over the administration of a key carbon offset program to the Department of Agriculture, bypassing the Environmental Protection Agency, which is better qualified to oversee such a program.

Now the debate moves to the Senate where a parallel energy bill, sponsored by Jeff Bingaman (D-New Mexico), requiring electric utilities to generate 15 percent of their electricity from renewable sources by 2021, was approved by the Energy and Natural Resources Committee. The bill would also give the Federal government authority to override state regulators to expanding electricity transmission lines.

Majority Leader Harry Reid said he was “hopeful that the Senate would be able to debate and pass bipartisan and comprehensive clean energy and climate legislation this fall.”

Given the close vote in the House, the bill’s fate in the Senate remains uncertain.

President Obama called the House vote a “historic action” and told reporters he is confident the Senate also will act on the climate issue.