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 CantwellTrump signs bill undoing Obama coal mining rule Nine Dem senators say hiring freeze hurting trade enforcement Overnight Energy: Congress does away with Obama coal mining rule 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 KerryFormer Obama officials say Netanyahu turned down secret peace deal: AP How dealmaker Trump can resolve the Israeli-Palestinian conflict John Kerry to teach at Yale on global issues MORE (D-Mass.), Lindsey GrahamLindsey GrahamCheney to intro Pence at Jewish GOP event CEOs come to defense of border tax plan Trump’s feud with the press in the spotlight 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.