
Bipartisan Climate Plan Would Drive Up Costs for Consumers Without Helping Climate, Experts Say
The bipartisan climate plan is advancing in the Senate, thanks to the Senate Environment and Public Works Committee’s Jan. 18 vote of 15-4 in favor of the legislation. The legislation, dubbed the PROVE It Act, would provide the first step for the United States to impose its first carbon import tax. The bill’s lead sponsor is Sen. Chris Coons (D-Del.), and the legislation enjoys broad support. Its backers also include Sens. Lindsay Graham (R-S.C.), Bill Cassidy (R-La.), and Kevin Cramer (R-N.D.), and other prominent GOP figures. PROVE IT stands for Providing Reliable, Objective, Verifiable Intensity, and Transparency. If passed, the act will give the Department of Energy (DOE) two years to complete a detailed study of the greenhouse gas emissions intensity of domestically produced energy and metals products, as compared to those of other nations....
