Critics are charging a “linked fee” on gasoline is tantamount to a gas tax. On Tuesday Kerry tried to clarify how the bill would address transportation sector emissions. See for yourself if he was successful. Ben was there. And here’s a Reuters account.
Meanwhile, Sens. Byron Dorgan (D-N.D.), Jeff Bingaman (D-N.M.) and Jay Rockefeller (D-W.Va.) wrote a letter arguing against giving coastal states a share of offshore drilling revenues.
The Chronicle reports that such a plan would drain the U.S. Treasury of “billions of dollars each year,” the trio wrote.
* Details emerge about what may actually be in the bill
Greenwire’s Darren Samuelsohn writes that electric utilities are likely to like what they see -- at least some of them -- from the Senate climate legislation. There’s more free allowances to cover their emissions and a hard price collar to provide a clearer picture of the bill’s costs.
But the legislation may also change the formula for distributing those allowances to address concerns voiced by coal-heavy Midwestern utilities that thought they would pay too much under the climate bill passed by the House.
* White House: climate bill doable this year
Climate advisor Carol Browner thinks climate legislation was still doable this year.
Browner contends that members of Congress “increasingly understand the need to develop clean energy that does not emit carbon dioxide and other pollutants blamed for global warming,” according to the Associated Press.
Browner spoke at a policy breakfast sponsored by the National Journal. Ben was there too.