EPA finds Senate climate bill affordable
The EPA said the bill would cost American households an average of $79 to $146 per year.
Tue, Jun 15, 2010 at 02:42 PM
LOW-COST LEGISLATION: The climate bill is sponsored by Sens. John Kerry, a Democrat, and Joseph Lieberman, an independent. (Photo: Harry Hamburg/AP)
WASHINGTON, D.C. - The U.S. climate and energy bill unveiled last month in the Senate would cost American households on average of less than a dollar a day, the Environmental Protection Agency said Tuesday.
The EPA said the bill sponsored by Sens. John Kerry, a Democrat, and Joseph Lieberman, an independent, would cost households an average of $79 to $146 per year.
That figure was similar to the price tag the EPA gave in October on the climate bill passed by the House of Representatives.
President Barack Obama will address the nation Tuesday night and is expected to offer ambitious plans to cut U.S. dependence on fossil fuels in the wake of the BP oil spill in the Gulf of Mexico, including passing a broad energy bill.
Senate Majority Leader Harry Reid wants a broad energy bill to move to the Senate floor in coming weeks, though the Kerry-Lieberman legislation faces stiff opposition from lawmakers in coal and oil states.
Big industry has been skeptical of EPA analyses on previous climate bills. The American Petroleum Institute has said it would not make a decision on whether to support the bill until the Energy Information Administration, an independent branch of the Department of Energy does an analysis on it.
Environmentalists were pleased with the EPA analysis, however.
"The EPA's analysis removes the last excuse senators may have for not passing strong climate and energy legislation this session," Kevin Knobloch, the president of the Union of Concerned Scientists, said in a release.
(Reporting by Timothy Gardner and Richard Cowan; Editing by David Gregorio)
Copyright 2010 Reuters US Online Report Politics News