Big business warned about Obama’s energy-rationing obligation

From the Competitive Enterprise’s Cooler Heads Digest, Nov. 13, 2009:

Vitter and Barrasso Warn Big Business

Senators David Vitter (R-Louisiana) and John Barrasso (R-Wyoming) this week called attention to a remarkably broad delegation of authority to the President in the Kerry-Boxer and Waxman-Markey energy-rationing bills that would require shutting down the U. S. economy beginning in 2015. Section 707 of Kerry-Boxer directs the President to use existing authority to keep atmospheric concentrations of greenhouse gases below 450 parts per million CO2-equivalent. But atmospheric concentrations are already at 430 ppm CO2-e, and modeling by the Department of Energy’s Pacific Northwest National Laboratory shows that 450 ppm CO-e will be reached in 2010. Therefore section 707 will inevitably be triggered on July 1, 2015 if these provisions in Kerry-Boxer and Waxman-Markey are enacted. The President will be obligated to use whatever statutory authority exists to reduce emissions and get greenhouse gases back down to below 450 ppm CO2-e. All the command-and-control tools of the Clean Air Act will have to be used to require emissions reductions. Click here to read more about this dangerous provision.

Public date: November 14th, 2009
Categories: News
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