Collins: GOP political support for carbon caps depends on where the money goes



Collins -- a leading GOP centrist -- has co-sponsored a version of cap-and-trade with Sen. Maria CantwellMaria Elaine CantwellSenate Finance Dems want more transparency on trade from Trump Overnight Energy: Senate close to approving Arctic drilling | EPA cancels controversial media tracking contract | Trump officials sound alarm on mineral imports Lawmakers introduce bipartisan AI legislation MORE (D-Wash.) that would send three-fourths of the money from federal emissions permit auctions directly to consumers.

The architects of a competing climate plan -- Sens. John KerryJohn Forbes KerryFeehery: Oprah Dem presidential bid unlikely Dem hopefuls flock to Iowa Change in Iran will only come from its people — not the United States MORE (D-Mass.), Lindsey GrahamLindsey Olin GrahamDHS chief takes heat over Trump furor Overnight Defense: GOP chair blames Dems for defense budget holdup | FDA, Pentagon to speed approval of battlefield drugs | Mattis calls North Korea situation 'sobering' Bipartisan group to introduce DACA bill in House MORE (R-S.C.) and Joe Lieberman (I-Conn.) -- have said they will include elements of the Cantwell-Collins approach, but have not provided specifics. Kerry, Graham and Lieberman plan to unveil their bill next week.

There are several differences between the approaches.

Cantwell and Collins would cap carbon from "upstream" sectors like oil producers and coal mining companies.

The Kerry-Graham-Lieberman measure is under development, but they plan to create a cap-and-trade program applied to electric utilities that would later fold in other types of industrial plants.

Collins spoke Tuesday at an energy and climate forum hosted by the National Journal Group.