Carbon Offsets Daily

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  • Published: Oct 29th, 2010
  • Category: USA
  • Comments: None

Bill Gates, Google’s Brin Fund Fight for Carbon Law

| Sourced From Bloomberg |

Clean-energy investors and environmentalists in California raised $11.9 million in the past two weeks to snuff out a challenge, backed by oil refiners Tesoro Corp. and Valero Energy Corp., to the states global- warming laws.

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  • Published: Jun 13th, 2010
  • Category: USA
  • Comments: 4

Billion-dollar power company sues Montgomery over carbon tax

| Sourced From Washingtonexaminer |

A $2 billion power company is suing Montgomery County over a newly enacted carbon dioxide tax that would cost the company roughly $15 million each year.

Mirant Mid-Atlantic emits roughly 3 million tons of carbon dioxide annually from a decades-old coal-burning plant in Dickerson. The power company is challenging the constitutionality of Montgomery’s $5-per-ton carbon tax and refusing to pay the tax until the lawsuit is settled.

County Council member Roger Berliner said he is confident the county will prevail, though he predicts the case will take years to settle.

“If I were [Mirant],” he said, “I would undoubtedly bring this to the court of appeals. It is the kind of case that will go to the Supreme Court.”

County attorneys did not return calls concerning how much the litigation could cost taxpayers if it survives several rounds of appeals.

Mirant’s attorneys said they do not comment on ongoing litigation.

The suit contends the tax targets Mirant because it applies only to companies generating more than 1 million tons of carbon dioxide emissions. No other company in Montgomery is eligible for the tax.

Berliner admitted the tax singles out Mirant — which he said accounts for 25 percent of the county’s greenhouse gas emissions — but said it doesn’t target the company.

“It ensures that future businesses coming into the county know what the rules of the game are going to be if they are major polluters,” he said.

The county can impose a penalty of up to 20 percent of the company’s dues if they don’t pay up, according to the carbon law, which went into effect May 28.

The Environmental Integrity Project in 2005 named Mirant’s 1,000-acre property in Dickerson one of the 50 dirtiest plants in the United States. That same year, four environmental groups sued the company over nearly 500 tons of illegal nitrogen oxide emissions from the Dickerson plant. The parties settled on a promise that Mirant would improve pollution controls.

Two months ago, Maryland’s Department of the Environment filed suit against Mirant for a coal-ash landfill the state says is polluting groundwater and a nearby creek.

Berliner said the county fully expected a fight from Mirant on the carbon tax, and therefore didn’t write into the budget the $15 million in revenue the tax would have generated.

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  • Published: Feb 5th, 2010
  • Category: USA
  • Comments: 2

Summit: Feb. 12 Summit Offers Help in Planning for Carbon Laws

Businesses affected by carbon legislation, large energy consumers, and other executives responsible for strategic planning regarding energy consumption are invited to attend “Positioning Business to Succeed in the Low Carbon Economy – A Climate Change Summit.”

Continue Reading at EPonline

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Australia’s Rudd faces showdown on carbon vote

CANBERRA, Nov 20 (Reuters) – Australia’s parliament votes next week on Prime Minister Kevin Rudd’s plan for a sweeping carbon trade scheme with hopes it will finally win approval after two years of divisive debate.

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  • Published: Jun 29th, 2009
  • Category: USA
  • Comments: None

Carbon Wars in the U.S. Senate

| Sourced From Blogs.zdnet.com |

The Waxman-Markey bill passed the House by seven votes. It will be mucher closer than that if and when the 100-member U.S. Senate votes on their version of this bill.

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Australia government to seek vote-trigger on carbon laws

CANBERRA (Reuters) – Australia’s government, facing Senate defeat of key emission trading laws, vowed on Friday to bring its climate-fighting regime to the upper house a second time, opening the door for a possible snap election.

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SCENARIOS-Possible outcomes for Australian carbon trade laws

CANBERRA, May 26 (Reuters) – The Australian government’s timetable for carbon trading was thrown into doubt on Tuesday when the main opposition Liberal and National parties voted to try to delay a parliamentary decision on the plan.

The leftist government has introduced nine carbon trading bills into parliament and wants the laws passed by the upper house Senate by July this year. But it is seven votes short of a Senate majority.

Continue Reading on Reuters

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Australia faces opposition to carbon trade law

| Sourced From Financial Times |

CANBERRA, March 10

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New York Responds to Carbon Cap-and-Trade Lawsuit

| Sourced From The New York Times |

As reported in our previous post, Indeck Energy, owner of a natural gas plant in Corinth, N.Y., has filed a lawsuit challenging the legitimacy of the Regional Greenhouse Gas Initiative, a carbon cap-and-trade program established by 10 Northeastern states.

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Seoul to introduce low carbon law

| Sourced From The Korea Herald |

Companies emitting greenhouse gases above acceptable levels are expected to be slapped with heavier taxes as a part of new plans to promote healthier economic growth, the Prime Minister’s Office said yesterday.

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