NEI Nuclear Notes

We've just been alerted that Senators Bingaman and Specter will be introducing the Low Carbon Economy Act of 2007 today. Senator Bingman will be making a floor speech at 9:30 a.m. U.S. EDT which can be viewed on C-Span 2 . Expect the text of the bill, along with supporting documents, to be posted at the Senate Energy Committee Web site by this afternoon. More later. UPDATE: From the New York Times : The Bingaman-Specter proposal, dubbed the “Low Carbon Economy Act,” would set a target emissions cap for 2020 at 2006 levels and for 2030 at 1990 levels. Other bills set more stringent targets, but none so far have won majority support. The new proposal would grant permits to all emitting industries, including oil refineries, natural gas processing plants, manufacturing facilities and coal-burning power plants. Cars, trucks and airplanes are not covered, but owners would face significantly higher fuel prices passed on by oil and gas companies. Additional emissions permits could be bou...