Rep. Gene Green Statement on American Clean Energy and Security Act
Washington, DC - Rep. Gene Green released the following statement regarding the progress of the American Clean Energy and Security Act (ACES Act).
“I want to thank Chairman Henry Waxman and Subcommittee Chairman Ed Markey for working with us to protect the U.S. domestic refining industry while creating a climate change program. Our domestic refiners will face a competitive disadvantage with competitors abroad that are not subject to carbon regulations. We need to protect these blue-collar jobs here at home and our agreement will help do that.
Under the agreement, U.S. refiners will receive 2 percent of allowances starting in 2014 and ending in 2026. This funding will help defray expenses associated with complying with the climate program, as well as improve the energy efficiency of refineries through technological, process, and feedstock changes.
While I believe the refining industry could use additional allowances, and I hope any final agreement does so, this is a reasonable first step to protecting our energy infrastructure and keeping good-paying jobs here at home.
The draft legislation also included a Low Carbon Fuel Standard that overlapped with the Renewable Fuel Standard. Although there were productive conversations with the Chairman, unfortunately we were not able to reach an agreement on the LCFS and the Low Carbon Fuel Standard will be removed from the legislation.
I will continue to work with the Chairman on other critical issues within the legislation so we can produce a climate bill that protects our communities and our environment.”