U.S. Sen. Bob Corker, R-Chattanooga, said today he thinks Americans need to pay attention in coming months to lawmakers’ efforts to craft a new national energy policy in the shadow of global warming.
“It will affect our country in many, many ways,” Sen. Corker said of legislation now emerging in an effort to lower greenhouse emissions and slow global warming.
Saying he hasn’t decided “where I’m going to come down,” but labeling the increased cost of energy to consumers as “a tax,” Sen. Corker laid out numbers he has projected on the Lieberman-Warner bill now pending in the Senate.
The bill, America’s Climate Security Act of 2007, would allow the president to appoint a 5-member board to allocate free emission allowance revenues in 2012, reserving 26.5 percent of the allowances, or credits, to be sold at auction much like public stocks, Sen. Corker said.
The bill, expected to be debated in June, has a goal of lowering emissions 63 percent below 2005 levels by 2050. It would require a mandatory cap on emissions from facilities that emit more than 10,000 CO2-equivalents of greenhouse gas in any year.
For complete details, see tomorrow’s Chattanooga Times Free Press.
Pam Sohn has been reporting or editing Chattanooga news for 25 years. A Walden’s Ridge native, she began her journalism career with a 10-year stint at the Anniston (Ala.) Star. She came to the Chattanooga Times Free Press in 1999 after working at the Chattanooga Times for 14 years. She has been a city editor, Sunday editor, wire editor, projects team leader and assistant lifestyle editor. As a reporter, she also has covered the police, ...