One reason for gas price rise:Refiners required buy emission credits

Discussion in 'Politics' started by healthmyths, Feb 20, 2012.

  1. healthmyths
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    healthmyths Gold Member Supporting Member

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    The American Clean Energy and Security Act of 2009 (passed in the House June 26, 2009) would amend the Clean Air Act by establishing a “cap-and-trade” system designed to reduce greenhouse gas emissions (GHG) and would cap emissions from refineries and allow trading of emissions permits (“allowances”).The American Clean Energy and Security Act of 2009 (passed in the House June 26, 2009) would amend the Clean Air Act by establishing a “cap-and-trade” system designed to reduce greenhouse gas emissions (GHG) and would cap emissions from refineries and allow trading of emissions permits (“allowances”).

    As proposed, H.R. 2454 would require U.S. refiners to purchase emission credits for both their stationary emissions and the subsequent combustion of their fuels (predominantly consumed in the transportation sector).
    The U.S. Oil Refining Industry: Background in Changing Markets and Fuel Policies
     
  2. theDoctorisIn
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    theDoctorisIn Senior Mod Staff Member Senior USMB Moderator

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    Except HR 2454 never passed the Senate, nor was it signed by the President.

    It's not the law.
     

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