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And I -- right now Tyson slocum joins us he's director of public citizen's energy program joins us from DC -- and welcome to the show.
-- to be here by Kerry Lieberman they've got this climate bill they unveiled it yesterday telling the details about this -- -- -- that.
I don't want to go through all how many thousands of pages it but he won't get into it but did this to me to decide that -- thousand page yeah like reading right so what it does is it gives -- billions of dollars in new financial incentives and regulatory -- backs.
To try to quickly build twelve -- -- -- -- power plants.
It gives billions of dollars every year for coal fired power plants to try to pursue a technology called.
Carbon capture and storage where you try to stuff.
-- -- underground instead of releasing them into the atmosphere it sets up a cap and trade that.
System where we've got a a a national cap.
On greenhouse gas emissions.
That declines over the years and the electric utilities and the oil companies are going to be trading these credits.
And they can also purchase offsets safe from an international timber company operating in Indonesia us instead of reducing your missions at a refinery.
In California you can purchase those offsets to plant some trees halfway across the globe it didn't -- the bill has a lot of industry support.
It'd -- support from the environmental community is not universal because we don't think that it goes far enough.
And we don't think the consumer protections are robust enough.
And to be frank I don't think this thing has has a shot of passing.
This year they waited way too long they didn't even have a Republican up on stage Lindsey Graham who has worked.
With senators Kerry and Lieberman on this.
Wasn't there allegedly because he's protesting immigration but I think he's trying to save face because this bill is just not moving anywhere and I I think that.
We've got support of both parties to do something on climate change but I don't think this bill represent.
That effort Tyson I made an attempt to understand it and this whole notion that the states -- -- other states drilling because it affects them.
Mean that seems so counterproductive it dismissed it in -- the whole -- seemed to me like it they had no intention of going anywhere.
What I don't know if it's kind of productive I mean as we see from the current crisis in the gulf.
Just because you've got in oil well that's spilling oil off the coast Louisiana.
You or -- does not respect state boundaries it's gonna go to wherever currents take it so you've got to have.
-- cooperative arrangement here states should not be able to unilaterally pursue.
In energy project that might have negative repercussions.
For its neighbors and how has this.
Will really -- -- -- this legislation that's on the table right now or any -- impending climate change legislation going -- Why I think it's it's dramatically impacted things -- mean a month ago the consensus was after President Obama.
Made his announcement that he was going to lift the moratorium on drilling off of the East Coast and parts of the Gulf of Mexico the consensus was.
We're gonna have -- expanded offshore drilling all over the country.
I think what this golf crisis reveals is that the mantra of drill baby drill.
Doesn't really emphasize the risks that are inherent with offshore drilling in this risks with a lot of of of technologies.
But oil as we're seeing here doesn't mix well with water and it doesn't mix very well with with marine ecosystems and and this is really quite devastating -- in addition to the fact that eleven people lost their lives with the explosion.
OK so if this fails as you said it probably well what's next.
-- I think what's next is two to restart with something new and and yeah we've got a bipartisan climate bill in the United States senate.
Senator Maria Cantwell a Democrat from Washington State and a Republican colleague Susan Collins from Maine.
Have -- -- 39 page climate bill called the clear act my organization supports -- a lot of other organizations out there have been behind it.
It it sets a a cap on emissions it requires producers and importers of fossil fuels to pay.
For the right to to pollute.
And the government takes that money and immediately refunds most of it back to families in the form of a monthly check to offset the higher energy prices.
We talked to a lot of Republican offices there's been support for people recognize.
That if we're going to address climate change which we need to do.
We shouldn't create -- a whole list of winners and losers and this thousand page bill by Senator Kerry and Lieberman.
Is filled with special interest loopholes and the -- -- the fingerprints of different lobbyists all over -- and that's not the way to do legislation American people want simplicity they want transparency.
And I think a 39 page clear act.
By that's got bipartisan support -- senate I think it's a pretty good start.
Tyson and having a really a hard time getting around the concept of a 39 page.
Bill and I could actually passed.
You know that congress everybody can read including congressmen and women by the way.
If our viewers want to read this bill because of that they can actually do is there a place that they could find it yeah.
-- -- -- to Google and and type in Thomas.
And that's the I think Thomas Jefferson and that's the legislative web site.
For congress and and go to be a 111 congress and type in the clear act CLE a act and and all the that the folks out there can access the Dillon read for themselves.
Tyson it's always good to have you here but I gotta tell you this notion of a bill that doesn't have perks.
And Christmas tree dressings for other people who I am with you in the stands -- -- not -- -- stand Tyson -- thank you so much for being with us director of public -- --
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