As reported by Ian Talley of Dow Jones Newswires
WASHINGTON -(Dow Jones)- The U.S. Senate environment panel will begin hearings on a major climate bill in the last week of October with an eye to voting on the legislation in November, Sen. Barbara Boxer, D-Calif., said late Tuesday.
Boxer, chairman of the Senate Environment and Public Works Committee, said in a press briefing the legislation’s allocation of emission credits to affected industries and consumers would largely resemble the House version. The so-called allowances structure was one of the most hotly negotiated provisions in the House and also poses to be a point of contention in the Senate.
“We have some tweaks which we think are good … but by and large” the Senate bill mirrors the House allocation distribution, Boxer said.
Hearings will begin on Tuesday, Oct. 27, and continue Wednesday and Thursday. The Senator said the committee aimed to mark up the bill within the first two weeks of November. Energy Secretary Steven Chu, Environmental Protection Agency Administrator Lisa Jackson, Interior Secretary Ken Salazar and Transportation Secretary Ray LaHood would be among those testifying before the committee in late October.
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