Posts Tagged ‘US Senate’

Obama could allow EPA to regulate US steel CO2 emissions

In contrast to a US Congress that is unable and/or unwilling to pass legislation on limiting CO2 emissions from power utilities, cars and heavy industry, it would appear that the president is willing to authorise the country’s executive branch – namely the EPA – to take control. He threatened to do this once before the Copenhagen conference. With the Senate about to issue a draft bill, this will put additional pressure on Congress to take substantive action. The EPA move will include steel – for an integrated producer, the threshhold of 75,000 tonnes/year ( 83,000 short tons/year) is approximately the CO2 tonnage emitted from producing 38,000 tonnes of crude steel; for an EAF, it is approximately the CO2 tonnage emitted from producing 300,000 tonnes of crude steel. 

SBB April 23 The US Environmental Protection Agency (EPA) apparently is still in the picture when it comes to the potential regulation of large emitters of greenhouse gases (GHGs).

According to a posting on the federal Office of Management and Budget web site, the White House is reviewing the EPA’s so-called “tailoring rule,” which would enable the agency to tailor Clean Air Act regulations to apply to carbon emissions by steelmakers, coal-fired power plants and other large industrial players.

President Obama has said for some time he prefers a legislative solution to curb GHG emissions. However, it’s uncertain whether Congress will soon approve such a measure.

A compromise climate change bill is expected to be unveiled in the US Senate early next week, as <b>Steel Business Briefing</b> has reported. In the interim, though, the EPA has already started to issue rules aimed at curbing GHGs – mostly from sources with carbon emissions of at least 75,000 tonnes/year.

The move, which could lead to additional and costly EPA regulation of GHGs going forward, has been met with opposition from manufacturers and heavy industry. The EPA says it simply wants to lessen the regulatory burden on other federal and state agencies.

According to published reports, with the White House reviewing the rule, its finalization could be imminent.

US Senate could be nearing compromise CO2 measure, say reports

Could be good, could be bad. Would a carbon tax be more effective than cap and trade? – It could be stepped up annually, so tightening the efficiency screws on power utilities and steel mills. It might also allow for an easier ride at the WTO on border adjustments… Has it been fully discussed in Europe, Japan or the USA?

SBB 16 March The US Senate could be close to working out compromise carbon emissions reduction legislation that would include a controversial cap-and-trade proposal – at least for utilities, Steel Business Briefing learns.

An unnamed senator tells Reuters it’s still unclear how the government would reduce carbon emissions from sectors including manufacturing and transportation, but a bill could be introduced by next week that would at least include measures to reduce emissions created by the utility industry.

The US House passed a more universal cap-and-trade plan that covers oil refineries, in addition to manufacturers and utilities. The Senate has been unable to pass a similar version, so some of its members have been working on a compromise plan that leaders in the legislative body say they hope could be voted on by June, Reuters reports.

The federal Environmental Protection Agency (EPA) has said it has the authority to begin regulating carbon emissions itself if Congress cannot pass legislation to do so on its own, SBB notes.