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The Republican Energy Bill

The Republicans put up an alternative to the Kerry-Lieberman energy bill yesterday via Sen. Richard Lugar (R-Ind.). For starters, it’s much smaller (112 vs. 987 pages) and has fewer titles (4 vs. 7) than Kerry-Lieberman. It is called the Practical Energy and Climate Plan Act of 2010 vs. The American Power Act. We don’t know if Lugar will have a nice logo drawn up for his bill, as Kerry and Lieberman did for theirs. Lugar has posted a video of his press conference introducing it. See that on his home page , along with a lot of links. Let’s see what the bill offers: No provisions for mandatory reductions in carbon emissions – that is, no cap-and-trade or carbon tax. Lugar has ideas on how to achieve carbon emission reductions, so hold tight. The bill heavily stresses energy efficiency, especially as regards cars, trucks and light vehicles. And buildings, too. The bill proposes $2 billion to DOE to use as a basis for loans, loan guarantees and other financial tools to h...

The Senate Moves on the Energy Bill

The Senate Environment and Public Works committee took up the energy bill this morning and honed in quickly on nuclear energy – honed in on it so insistently, in fact, that if President Barack Obama really wants bipartisan support for the bill – which squeaked by in the House – speaking out for a more prominent role for nuclear energy might be a way to achieve it. But Republicans, as we’ll see, were not the only ones positively focused on nuclear. The panel included Energy Secretary Steven Chu, EPA administrator Lisa Jackson, Agriculture Secretary Tom Vilsack and Interior Secretary Ken Salazar. The latter two became a little stranded with only a few questions asked of them, especially Salazar, but these hearings tend to go where they will. Let’s start with opening statements from the committee members and our old friend, Sen. Lamar Alexander (R-Tenn.): “Why are we ignoring the cheap energy solution to global warming, which is nuclear energy. If what we're really intereste...

Friday Follow-Ups

On Babcock and Wilcox’s announcement of new, smaller nuclear reactors: Our friends at the Heritage Foundation like what they see : One of the most interesting things about B&W’s entrance into the reactor market is that unlike most other designers, they have the industrial infrastructure to start building these things right now. And what’s more, this is a company that builds reactors today, multiple reactors each year, that the U.S. government uses for national security purposes. No one else has that on their resume. True enough, though not necessarily determinative in any significant sense. Let’s call it a point in their favor. The exciting thing about nuclear power is not what it gives us today, but what its potential is for the future. Also true. This being Heritage, let’s let them have their moment: It is a perfect example of why government can’t pick winners and losers among energy sources. Government subsidization of some technologies inevitably crowds ...

The American Energy Act

The Republicans have released the full text of their American Energy Act. You can read the whole thing here . We’ll note that it includes some points the Republicans have stressed since the last election: drill here drill now, strong favoring of domestic energy sources, disdain of regulation. But we’ll focus on a couple of points and let you explore it yourself. First, the bill has a decidedly different philosophy from the Waxman-Markey bill now in mark-up. While that legislation aims to reverse climate change by making carbon emission reduction the centerpiece of government action, the Republicans focus much more on energy security and tapping domestic forms of energy. They even go further than this: (a) IN GENERAL.—Section 302(g) of the Clean Air Act is amended by adding the following at the end thereof: ‘‘The term ‘air pollutant’ shall not include carbon dioxide, water vapor, methane, nitrous oxide, hydrofluorocarbons, perfluorocarbons, or sulfur hexafluoride.’’ (b) CLIMA...

The Republican Energy Bill

The Republicans will today introduce an energy bill intended as a replacement for the Waxman-Markey legislation now wending its way through the House (and due for a vote sometime near the end of June – a date’s not set yet.) Here’s the Times: The Republican proposal, drafted by a group led by Representative Mike Pence of Indiana, leans heavily on nuclear power, setting a goal of building 100 reactors over the next 20 years. So we would expect the bill to include some provisions for beefing up DOE and NRC to handle this. But what can we say? More, please. There’s also this: The bill also provides incentives for increased oil and gas production on public and private lands and offshore. It would also authorize oil drilling in the Arctic National Wildlife Refuge in Alaska, a focus of 30 years of controversy in Congress. This proved to be a popular provision during last year’s Presidential campaign, but even if the House adopts some ideas from the bill, this likely won’t ...