We may actually get an energy and climate bill in the Senate this summer. Majority Leader Harry Reid (D-Nev.) said floor debate will likely begin the week of July 26. And if the matter is not resolved, Senators are warned they may have to stay in Washington an extra week past the Aug. 6 adjournment date – something they don’t want to do.
Reid is expected to do his thing and cobble together a bill he thinks can get 60 votes.
He says it will have four parts:
• A Gulf spill response that will tighten regulations on offshore drilling.
• A clean energy/jobs section, quite likely in the form of a renewable electricity standard, with help for consumers
• A tax package
• A limit on pollution, including greenhouse gases, from utilities.
Whether the bill will, in the end, include a cap on GHG is still in question.
President Obama is sticking to his guns that the final bill needs a carbon cap, and many experts say without one if won’t do much to curb GHG emissions. Pundits have criticized him for being too quick to compromise in the past and perhaps he’s learned his lesson.
Working with Republican Snowe
At this point only one Republican, Olympia Snowe (R-Maine), supports the cap on carbon for utilities, and she is working with Jeff Bingaman (D-N.M.) on language to include limits on power plants starting in 2013. Power plants spew about one-third of the country’s greenhouse gas emissions.
Kerry and Lieberman also have scaled back their climate bill to cap utilities only, while Bingaman’s Energy and Natural Resources Committee gets set to mark up a bunch of bills Thursday, that would increase production of electric plug-in cars and trucks, increase R&D for natural gas and bump up incentives for nuclear and solar. The panel has already approved an RES and offshore drilling reforms.
No other Republicans have jumped onboard and several moderate Democrats are wavering.
House action
Meanwhile, in the House – which you may recall passed a comprehensive climate bill last summer – the Natural Resources Committee is looking to vote today on Chairman Nick Rahall’s (D-W.Va.) bill overhauling offshore drilling rules, which includes:
*Reorganizing the agency in charge of leasing, enforcing and revenue collection (something the Administration is already doing).
*Requiring a good blowout prevention and response plan.
*Mandating monthly inspection of rigs.
*Repealing some parts of the 2005 Energy Policy Act that gave royalty waivers to drillers.
*Ending a policy of exemptions from environmental review.
(Sources: Politico, E&E Daily, Senatus, The Hill, PM, PlanetArk)
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