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Comprehensive Staff Analysis of the Economic Impact of the Waxman/Markey Cap-and-Trade Legislation
House Committee on Oversight and Government Reform
House Committee on Oversight and Government Reform
Abstract
The House Committee on Oversight and Government Reform investigated proposed "cap-and-trade" legislation which aims to create a de facto tax on energy production with carbon or greenhouse gas emissions. The report states that transitioning from fossil fuels to carbon-free energy sources poses real-world challenges and could disproportionately burden families in states relying on coal, having a manufacturing-based economy, or experiencing extreme climates. The report finds cautious approaches, focusing on proven methods while encouraging improvements, are crucial for an ecologically sustainable energy production strategy.
Date
2009-04-28
Document Type
House Minority Staff Report
Serial Number
Document Length
66 pages
Congress
111
Relation
DOI
Keywords
Staff Reports, House, Republican
PAP Major Code
7: Environment
PAP Minor Code
705: Air Pollution, Climate Change, and Noise Pollution
Related Hearings
• House Committee on Ways and Means, Subcommittee on Income Security and Family Support, hearing on "The Distributional Consequences of a Cap-and-Trade Program for CO2 Emissions: Protecting Lower-Income Families While Fighting Global Warming," 111th Cong., H.Hrg. 111-6, (2009, March 12)
• House Committee on Energy and Commerce, Subcommittee on Energy and the Environment, hearing on "Consumer Protection Provisions in Climate Legislation," 111th Cong., H.Hrg. 111-14, (2009, March 12)
• House Committee on Science, Space, and Technology, hearing on "New Directions for Energy Research and Development at the U.S. Department of Energy," 111th Cong., H.Hrg. 111-11, (2009, March 17)
• House Committee on Oversight and Government Reform, hearing on "Oil and Gas Development: Exemptions from Health and Environmental Protections," 110th Cong., H.Hrg. 110-98, (2007, October 31)
• Senate Committee on Energy and Natural Resources, hearing on "Nuclear Energy Development," 111th Cong., S.Hrg. 111-21, (2009, March 18)
• House Committee on Energy and Commerce, Subcommittee on Energy and the Environment, hearing on "Consumer Protection Provisions in Climate Legislation," 111th Cong., H.Hrg. 111-14, (2009, March 12)
• House Committee on Science, Space, and Technology, hearing on "New Directions for Energy Research and Development at the U.S. Department of Energy," 111th Cong., H.Hrg. 111-11, (2009, March 17)
• House Committee on Oversight and Government Reform, hearing on "Oil and Gas Development: Exemptions from Health and Environmental Protections," 110th Cong., H.Hrg. 110-98, (2007, October 31)
• Senate Committee on Energy and Natural Resources, hearing on "Nuclear Energy Development," 111th Cong., S.Hrg. 111-21, (2009, March 18)
Press Releases and Contextual Information
https://web.archive.org/web/20110105215143/http://oversight.house.gov/index.php?option=com_content&view=article&id=55:report-cap-and-trade-energy-tax-will-cause-redistribution-of-wealth-among-states-and-working-families&catid=21