Ed Markey on Energy & Oil Democratic Representative (MA-7)

Green New Deal has shifted the whole discussion

More offshore wind and solar--but no Green New Deal

Markey acknowledged that the Green New Deal does not have "individual prescriptions" on "how to get there," but calls for a "revolution in every city and town and every campus," with aggressive targets in "every sector" including automotive, industrial, agricultural and manufacturing.

"I know if we have a climate bank with billions of dollars, it could unleash trillions of dollars in investment to increase efficiency," said Markey, who also called for raising fuel economy standards and tax incentives for those who buy electric vehicles. "We should strip the tax breaks for gas and coal and oil industry and give those tax breaks to wind and solar--we will have a revolution."

Simply unneeded to subsidize oil industry

Markey and Gomez split on the proposed Keystone XL Pipeline, which would bring oil from Canada to Texas. Gomez said the project would create jobs, while Markey said the US would end up bearing all the environmental risk while the oil itself is dumped onto the international market.

Regulate wholesale electricity & gas prices.

The Problem

The Progressive Caucus Solution: Wholesale Cost-based Pricing with Refunds

The Progressive Caucus advocates:

• Implement wholesale cost-based pricing of electricity & natural gas to ensure consumers are not gouged. Require refunds when necessary.
• Grant FERC new powers to regulate heating oil prices at the wholesale level. Cost-based pricing of heating oil will ensure consumers are protected from heating oil price spikes.

Preserve Alaska's ANWR instead of drilling it.

Title: To preserve the Arctic coastal plain of the Arctic National Wildlife Refuge, Alaska, as wilderness in recognition of its extraordinary natural ecosystems and for the permanent good of present and future generations of Americans.

Summary: Designates specified lands within the Arctic National Wildlife Refuge as wilderness and components of the National Wilderness Preservation System [which would preclude oil exploration and drilling].

Establish greenhouse gas tradeable allowances.

OFFICIAL CONGRESSIONAL SUMMARY: A bill to provide for a program of scientific research on abrupt climate change, to accelerate the reduction of greenhouse gas emissions in the US by establishing a market-driven system of greenhouse gas tradeable allowances, to limit greenhouse gas emissions in the US and reduce dependence upon foreign oil, and ensure benefits to consumers from the trading in such allowances.

SPONSOR`S INTRODUCTORY REMARKS: Sen. McCAIN: This bill is designed to begin a meaningful and shared effort among the emission-producing sectors of our country to address the world`s greatest environmental challenge--climate change.

The National Academy of Sciences reported, `temperatures are, in fact, rising.` The overwhelming body of scientific evidence shows that climate change is real, that it is happening as we speak.

Terrible things are happening at the poles, which will have global implications. Amplified global warming, rising sea levels, and potential alterations in ocean circulation patterns are among the global concerns.

The International Climate Change Task Force recommended that `all developed countries introduce mandatory cap-and-trade systems for carbon emissions and construct them to allow for future integration into a single global market.` That is already being done in Europe as we speak, which is the substance of this legislation.

If we do not move on this issue, our children and grandchildren are going to pay an incredibly heavy price because this crisis is upon us, only we do not see its visible aspects in all of its enormity. We have done relatively nothing besides gather additional data and make reports. That is what the US national policy is today: gather information and make reports. I would argue that is a pretty heavy burden to lay on future generations of Americans.

LEGISLATIVE OUTCOME:Referred to Senate Committee on Environment and Public Works; never came to a vote.

Rated 100% by the CAF, indicating support for energy independence.

OnTheIssues.org interprets the 2005-2006 CAF scores as follows:

• 0% - 30%: opposition of energy independence (approx. 206 members)
• 30% - 70%: mixed record on energy independence (approx. 77 members)
• 70%-100%: support for energy independence (approx. 183 members)

The Campaign for America`s Future (CAF) is a center for ideas and action that works to build an enduring majority for progressive change. The Campaign advances a progressive economic agenda and a vision of the future that works for the many, not simply the few. The Campaign is leading the fight for America`s priorities--against privatization of Social Security, for investment in energy independence, good jobs and a sustainable economy, for an ethical and accountable Congress and for high quality public education.

About the CAF report, `Energy Independence: Record vs. Rhetoric`:

Energy independence has surfaced as a defining issue in the current elections. Are most candidates and both parties truly committed? To help distinguish the demonstrated level of support for homegrown, clean energy alternatives, we examined the voting records of current U.S. Representatives and Senators on bills vital to promoting those interests. Key pieces of legislation included goals for independence, and subsidies for the development of alternatives compared to subsidies for drilling and digging. We then compared votes on these issues with campaign contributions from major oil interests. The results show strong inverse correlations between political contributions from big oil and votes for energy independence.

Extend through 2016 the renewable energy tax credit.

Congressional Summary:Amends the Internal Revenue Code to extend through 2016 the tax credit for electricity produced from wind, biomass, geothermal or solar energy, landfill gas, trash, hydropower, and marine and hydrokinetic renewable energy facilities.

Proponent`s Comments (Governor`s Wind Energy Coalition letter of Nov. 15, 2011 signed by 23 governors):Although the tax credit for wind energy has long enjoyed bipartisan support, it is scheduled to expire on Dec. 31, 2012. Wind-related manufacturing is beginning to slow in our states because the credit has not yet been extended. If Congress pursues a last minute approach to the extension, the anticipated interruption of the credit`s benefits will result in a significant loss of high-paying jobs in a growing sector of the economy. We strongly urge Congress to adopt a more consistent and longer-term federal tax policy to support wind energy development, such as H.R. 3307.

The leading wind project developers and manufacturers are slowing their plans for 2013 and beyond due to the current uncertainty. The ripple effect of this slow down means reduced orders for turbines and decreased business for the hundreds of manufacturers who have entered the wind industry in our states. When Congress allowed the tax credit to expire in 1999, 2001, and 2003, the development of new wind installations dropped significantly, between 73% and 93%, and thousands of jobs were lost. Providing renewable energy tax credits in order to provide consistency with conventional energy tax credits is the right policy to move the nation forward in an energy sector that offers global export opportunities and the ability to modernize a segment of our electric production infrastructure.

Member of House Committee on Energy and Commerce.

The House Committee on Energy and Commerce has operated continuously--with various name changes and jurisdictional changes--for more than 200 years. The Committee has developed what is arguably the broadest (non-tax-oriented) jurisdiction of any Congressional committee. Today, it maintains principal responsibility for legislative oversight relating to telecommunications, consumer protection, food and drug safety, public health, air quality and environmental health, the supply and delivery of energy, and interstate and foreign commerce in general. This jurisdiction extends over five Cabinet-level departments and seven independent agencies--from the Department of Energy, Health and Human Services, the Transportation Department to the Federal Trade Commission, Food and Drug Administration, and Federal Communications Commission--and sundry quasi-governmental organizations.

Sponsored Green New Deal: 10-year national mobilization.

This resolution calls for the creation of a Green New Deal with the goals of:

• achieving net-zero greenhouse gas emissions;
• establishing millions of high-wage jobs and ensuring economic security for all;
• investing in infrastructure and industry;
• securing clean air and water, climate and community resiliency, healthy food, access to nature, and a sustainable environment for all; and
• promoting justice and equality.