Hill Heat

The Senate is scheduled to consider the Farm Bill (H.R. 2419 with S.Amdt. 3500) and the energy bill (H.R. 6 with S.Amdt. 3841).

Under a unanimous consent agreement, all amendments to the farm bill were required to get 60 votes to end debate and be accepted.

In roll call vote 424, the Dorgan-Grassley amendment (S.Amdt. 3695) to the Farm Bill was rejected 56-43.

In roll call vote 425, cloture on the latest compromise version of the energy bill was rejected 59-40.

In roll call vote 426, the Klobuchar “means-testing” amendment (S.Amdt. 3810) to the Farm Bill was rejected 48-47.

The amendment, supported by the administration, would have limited subsidies to full-time farmers making less than $750,000 a year, and landowners whose primary income comes from outside the farm making less than $250,000 a year.

In roll call vote 427, the Tester-Grassley Competition Title packer price manipulation amendment (S.Amdt. 3666) to the Farm Bill was rejected 40-55.

The amendment, as explained by Tom Philpott:

Price manipulation is clearly prohibited by the Packers & Stockyards Act (PSA), but some judges have recently ruled that price manipulation is excused if a packer or processor can show “a legitimate business justification” for manipulating prices—such as gaining access to more livestock at the price they want to pay. This defense to price manipulation is not in the PSA and the court rulings, if allowed to stand, weaken the law substantially. The amendment filed by Senators Tester (D-MT), Harkin (D-IA), and Grassley (R-IA) will clarify that the PSA cannot be interpreted to include “a legitimate business justification” for market manipulation.

12/13/2007 at 08:30AM

S.2156, to authorize and facilitate the improvement of water management by the Bureau of Reclamation, to require the Secretary of the Interior and the Secretary of Energy to increase the acquisition and analysis of water resources for irrigation, hydroelectric power, municipal, and environmental uses

12/11/2007 at 02:30PM

12/11/2007 at 10:00AM

The Global Climate Campaign intends synchronised demonstrations around the world on Saturday December 8th 2007 – in as many places as possible – to call on world leaders to take urgent action on climate change.

The ‘Call to Action’ for these demonstrations and related events that will take place on December 8th 2007 is as follows :

“We demand that world leaders take the urgent and resolute action that is needed to prevent the catastrophic destabilisation of global climate, so that the entire world can move as rapidly as possible to a stronger emissions reductions treaty which is both equitable and effective in preventing dangerous climate change.

We also demand that the long-industrialised countries that have emitted most greenhouse gases up to now take most of the responsibility for the adaptive measures that have to be taken, especially by low-emitting countries with limited economic resources.”

We feel that there is an overwhelming need to create a groundswell of global opinion to push for the urgent and radical action on climate change, without which we risk a global catastrophe of unimaginable proportions.

12/08/2007 at 12:00AM

A roll call vote is expected at about 9:20 am on the motion to invoke cloture on the energy bill as passed by the House of Representatives on December 6.

By a vote of of 53-42 the cloture motion failed.

The following Democrats voted against cloture:

• Bayh (D-IN)
• Byrd (D-WV)
• Landrieu (D-LA)

The following Republicans voted for cloture:

• Coleman (R-MN)
• Collins (R-ME)
• Smith (R-OR)
• Snowe (R-ME)
• Thune (R-SD)

The following Republicans voted against cloture but previously had voted for the earlier Senate version of H.R. 6, which included the CAFE standard, but not RES or the tax title:

• Corker (R-TN)
• Craig (R-ID)
• Crapo (R-ID)
• Domenici (R-NM)
• Ensign (R-NV)
• Lugar (R-IN)
• Sessions (R-AL)
• Specter (R-PA)
• Stevens (R-AK)
• Sununu (R-NH)

The following Republicans voted against cloture but previously had voted for energy tax provisions similar to those in the House version:

• Crapo (R-ID)
• Lugar (R-IN)
• Grassley (R-IA)
• Roberts (R-KS)

Following the vote, the chamber resumed consideration of the farm bill (HR 2419).

12/07/2007 at 09:00AM

Final vote on energy package. The bill passes 235-181. The Senate vote is scheduled for Saturday.

Democrats against:

• Barrow
• Boren
• Boyd (FL)
• Gene Green
• Lampson
• Marshall
• Melancon

Republicans in favor:

• Bono
• Castle
• Gerlach
• Hayes
• Johnson (IL)
• Kirk
• LaHood
• LoBiondo
• Ramstad
• Reichert
• Ros-Lehtinen
• Shays
• Smith (NJ)
• Walden (OR)

12/06/2007 at 03:00PM

Markup of Lieberman-Warner, S 2191, scheduled for December 5.

MORNING

Sen. Bond’s chart from his opening statement:

Amendments

Amendments adopted: Sanders low-carbon manufacturing incentives, Lautenberg decoupling incentives, Cardin good government, Klobuchar renewable energy bonus study, Lautenberg aviation greenhouse gas study, Sanders advanced tech vehicle language, Whitehouse coastal impacts, Barrasso coal propaganda, Carper recycling, Craig-Warner forestry package, Alexander low-carbon fuel standard, Inhofe NAS study explicitly including nuclear.

Amendments rejected: Craig offramps, Inhofe auto-industry job offramp, Bond low-income family cost-relief, Isakson nuclear title, Voinovich available-tech offramp, Craig-Inhofe nuclear offramps, Voinovich energy cost offramp, Vitter offshore drilling, Sanders CCS bonus restriction, Sanders 80% target, Sanders 2-degree limit, Barrasso soda ash mine methane emissions exemption, Clinton-Sanders no industry permit giveaways, Voinovich state regulation preemption, Voinovich Clean Air Act exemption, Inhofe Yucca Mountain authorization.

Amendments withdrawn: Carper multiple-pollutant title, Carper output-based allocation, Cardin public transit, Barrasso small refiner giveaways, Voinovich WTO nullification, Barrasso high-altitude CCS demonstration, Barrasso local economy offramps, Inhofe nuclear PTC.

12/05/2007 at 09:00AM

Agenda

• S 1581 — Federal Ocean Acidification Research And Monitoring (FOARAM) Act of 2007
• S 2307 — Global Change Research Improvement Act of 2007
• S 2355 — Climate Change Adaptation Act
• S 2332 — Media Ownership Act of 2007

12/04/2007 at 02:30PM

A briefing hosted by the Investor Network on Climate Risk (INCR) on key findings of a new analysis by Citi and INCR titled CAFE and the U.S. Auto Industry: A Growing Auto Investor Issue, 2012-2020, which shows that automakers’ shareholders can thrive while the automakers build cars and trucks that are better for our health and reduce global warming pollution.

Automakers have an opportunity to both advance fuel efficiency technology and become more globally competitive and sustainable in the process. The report’s results found that increasing corporate average fuel economy (CAFE) standards by 2012 could modestly benefit General Motors, while foreign automakers profits are largely unaffected.

In order to assess how Wall Street should react to an increase in fuel economy, Citi’s Equity & Debt Research group teamed up with the Investor Network on Climate Risk – which represents over $4 trillion in institutional investors – along with industry experts at the Planning Edge, University of Michigan Transportation Research Institute, and NRDC to conduct a forward-looking simulation of the five-year earnings impacts of changes to the CAFE program.

Panelists

• Russell Read, Chief Investment Officer, CalPERS ($208 billion public pension fund)
• Walter McManus, Director, University of Michigan’s Transportation Research Institute
• David Gardiner, Senior Advisor to the Investor Network on Climate Risk (formerly Executive Director of President Clinton’s White House Climate Change Task Force and EPA’s Assistant Administrator for Policy)

The analysis employed a complex proprietary model combining supply- and demand-side simulations with Citi’s financial models. The report finds that tougher CAFE standards can be met “with modest additions of existing technologies” and will likely be “most beneficial to GM and least beneficial to Chrysler.” Other key findings:

• Most automakers’ earnings will be largely unaffected by the CAFE standards in the 2012 time horizon, but some companies, like GM, could gain as much as $0.25 per share.
• Automakers are expected to modestly shift their sales mix to more fuel-efficient models to meet tougher CAFE standards, but the most profit-maximizing approach appears to be through investments in fuel-savings technologies-higher efficiency internal combustion engines, in particular-applied to cars and trucks.
• Suppliers of technologies such as turbochargers, automated manual transmissions and diesel engine fuel injectors may gain $4.3billion in growth by 2012 and even more by 2020.

For more information contact Miranda Anderson at: [email protected] or 202-285-2018; or, Ladeene Freimuth at: 202-550-2306 or [email protected].

12/04/2007 at 11:00AM

From December 3-14, 2007, representatives from more than 180 countries will meet in Bali, Indonesia for the United Nations Climate Change Conference. The central issue on the agenda is the procedural roadmap for negotiating an agreement to implement the U.N. Framework Convention on Climate Change beyond 2012, when the Kyoto Protocol’s first commitment period ends. Negotiations will also address a number of other key issues, including policies to reduce emissions from deforestation in developing countries, adaptation to climate change, and technology transfer.

To learn more about the Bali conference, please join the Select Committee on Energy Independence and Global Warming staff Monday, December 3rd, at 3:00 p.m., in Room 2255 Rayburn House Office Building. Three of the country’s leading experts on international climate change policy – Dr. Joseph Aldy of Resources for the Future, David Doniger of the Natural Resources Defense Council, and Ned Helme of the Center for Clean Air Policy – will brief staff on the key issues on the agenda in Bali, the negotiating positions of the key players, and the significance and expected results of the conference. The briefing is open to all staff and the public.

• Dr. Joseph Aldy, Co-Director of the Harvard Project on International Climate Agreements, Fellow at Resources for the Future, and co-editor of Architectures for Agreement: Addressing Global Climate Change in the Post-Kyoto
• David Doniger, Policy Director for Natural Resources Defense Council’s Climate Policy Center, former EPA Director of Climate Change Policy
• Ned Helme, President of Center for Clean Air Policy

12/03/2007 at 03:00PM