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Indybay FeatureRelated Categories: California | Environment & Forest Defense | Government & Elections
California and The Climate Protection Act of 2013
“Under the legislation, a fee on carbon pollution emissions would fund historic investments in energy efficiency and sustainable energy technologies such as wind, solar, geothermal and biomass. The proposal also would provide rebates to consumers to offset any efforts by oil, coal or gas companies to raise prices.” The Sanders-Boxer bill would impose a $20 per ton tax on carbon or methane equivalent, rising 5.6 percent each year for 10 years, on the nation’s 2,869 largest fossil fuel producers.
California and The Climate Protection Act of 2013
The Secretary of the California Environmental Protection Agency, Matt Rodriquez, and the President of the California Air Resources Board, Mary Nichols, were in Québec City this past December 11 and 12, 2012 discussing the continental scope of the cap-and-trade system for greenhouse gas emission allowances (pollution permits) for the California Quebec and B.C. carbon trade agreement.
The Cap and Trade Hit Parade - How to work the money and make it pay while
1) avoiding the impending costs of the loss of biodiversity and the associated decline in ecosystem services worldwide, and
2) avoiding the costs of effective conservation and sustainable resource use.
Currencies of Regional Cap and Trade
It's like we're cool over here, our emissions are so low, and with the dividends, we can afford heaps of cheap, environmentally and socially toxic trade commodities from all over the world.
Regional Cap and Trade or Global Tax and Pay...
Cap and Trade Pollution Credits
Corporations DBA 'Worst Polluters' Tax
Enough poetic license;
Carbon markets are not thriving. Prices for pollution permits on the European carbon market, which had long hovered around 15 euros (nearly $20) a ton, dropped to about 7 euros a ton in 2011 and have remained in that range.
A recent 2012 auction of pollution permits (carbon credits), by the Regional Greenhouse Gas Initiative consortium of Northeast and mid-Atlantic states, sold 63 percent of available allowances for only $1.93 a ton.
In California, at the February Air Resources Board and Auction, the February CARB Auction of pollution permits did manage to generate $13.62 per ton.
California has a carbon credit trade agreement (WCI) with Quebec for mostly hydro-power carbon credit allowances. In 2007 there were 7 States and 4 Provinces, but 6 fracked States had to back out in 2012, and Quebec and B.C. are the only Provinces left as market Standards tighten.
Support “The Climate Protection Act Of 2013” it offers a 'New Paradigm And New Solutions'
If the Boxer(CA)-Sanders’(VT) “Climate Protection Act Of 2013” proposed carbon fee were adopted, it would generate $US 1.2 trillion from the 2,900 largest carbon polluters in the United States by 2024 (10 years after date of enactment).
10 years, 2900 polluters, 1.2 trillion dollars...
1.2 trillion dollars divided by 10 years is $120 billion per year
And $120 billion divided by 2900 is a meager $41,379,000.00
An average of $42 million dollars in fees per year per individual world's worst polluting company. (Sliding scale)
In 2012, Chevron made $26.2 billion in profits. Exxon, $44.9 billion. Shell, $26.59 billion.
Subtract $42 million from any of those....
Does your calculator have enough zeros?
World’s Biggest Companies Cause more than $2.2 Trillion yearly in Environmental Damage.
$2,200,000,000,000.00 each year in Environmental Damage.
S. 332 “The Climate Protection Act Of 2013” New Paradigm And New Solutions
“A portion of the revenue raised by the carbon tax would be split equally between EPA and the Department of Transportation and would be used to fund climate change adaptation programs and infrastructure projects, including electric vehicle charging stations and preferential parking for carpools, energy efficiency and sustainability projects, including weatherizing homes for low-income persons, job training to allow fossil fuel employees to work in the clean energy sector, and energy research.”
A section of the bill proposes $30 Billion a year for 10 years to pay down the National Debt.
These are real amounts, numbers that begin to sound like commonly heard corporate numbers.
The bill would allocate 60% of the revenue raised to a residential environmental rebate program, the Family Clean Energy Rebate, as part of the “The Climate Protection Act Of 2013” will work off the rebate model developed by Alaska's Oil Dividend. Legal residents of the United States would receive monthly rebate payments:
Four 'fracking' important reasons to pass the “The Climate Protection Act Of 2013”
1) “This is the most progressive way to insure that if fossil fuel companies jack up prices, consumers and families can offset can offset price increases on fuel and electricity.”
2) “The proposal also would provide rebates to consumers to offset any efforts by oil, coal or gas companies to raise prices.”
3) Sanders has said “60 percent of that revenue would subsidize the higher bills of U.S. energy users.”
4) Senator Bernie Sanders (I-Vermont), the bill’s sponsor, “says the bill will try to offset spikes in energy costs for consumers.”
All four points, are coincidental to the expected US Domestic Energy price hikes and the failure of the false promise of the shale gas economic bubble.
US Domestic Natural Gas Prices Expected To Double by 2016
“It is expected that Future U.S. LNG imports would be competitive even if domestic natural gas prices were to double, and rise above even $8 per million Btu.” Current price is $3-$4. Friday Mar 1st, 2013, Global Market Spot Prices (FERC)
Support is needed in the Public Forum, for (S.332) The Climate Protection Act Of 2013.
Call or write your local State Senators and Representatives by name
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Contacting the Congress is a very up-to-date and easy citizen's congressional directory for the 113th Congress. As of March 06, 2013 there are 538 electronic contact addresses (of which 535 are Web-based contact forms), and 538 home pages known for the 540 members of the 113th Congress. Traditional ground mail addresses are available for all current members of Congress.