House GOP Knocks Treasury Over Coal-Plant Funding Ban

The smoke stacks at American Electric Power's (AEP) Mountaineer coal power plant in New Haven, West Virginia, October 30, 2009. In cooperation with AEP, the French company Alstom unveiled the world's largest carbon capture facility at a coal plant, so called 'clean coal,' which will store around 100,000 metric tonnes of carbon dioxide a year 2,1 kilometers (7,200 feet) underground.
National Journal
Ben Geman
Add to Briefcase
Ben Geman
Dec. 13, 2013, 12:37 p.m.

Seni­or House Re­pub­lic­ans say a Treas­ury De­part­ment policy that re­stricts U.S. fin­an­cing for build­ing coal-fired power plants abroad will harm the poor.

A let­ter Fri­day from House En­ergy and Com­merce Com­mit­tee lead­ers to Treas­ury Sec­ret­ary Jac­ob Lew bashes ef­forts to largely end fund­ing for plants in de­vel­op­ing na­tions that do not em­ploy car­bon-emis­sions-trap­ping tech­no­logy.

Car­bon cap­ture and stor­age is “in­dis­put­ably not ready for wide­spread com­mer­cial de­ploy­ment. Re­quir­ing CCS would con­sti­tute a de facto ban on con­struc­tion of state-of-the-art new coal-fired power plants — pro­jects that some of the coun­tries in greatest need of re­li­able and af­ford­able elec­tri­city seek today,” the let­ter states.

En­ergy and Com­merce Chair­man Fred Up­ton, R-Mich., and Rep. Ed Whit­field, R-Ky., a top lieu­ten­ant on the pan­el, ask Lew to provide a list of power pro­jects in the de­vel­op­ing world that the policy may af­fect.

The let­ter also asks Lew wheth­er the re­stric­tions are at odds with “the long-stand­ing policy of the United States to as­sist de­vel­op­ing na­tions rise out of poverty.”

The re­stric­tions are part of the White House cli­mate plan rolled out in June. The policy carves out an ex­cep­tion for pro­jects in the world’s poorest na­tions — if no oth­er eco­nom­ic­ally feas­ible al­tern­at­ives ex­ist and if the plants use the most ef­fi­cient tech­no­logy avail­able.

The Treas­ury De­part­ment in Oc­to­ber an­nounced plans for seek­ing to lim­it coal-plant fin­an­cing through mul­ti­lat­er­al de­vel­op­ment banks. And the Ex­port-Im­port Bank of the United States ap­proved sep­ar­ate fin­an­cing lim­its Thursday.

What We're Following See More »
THANKS TO MILITARY ROLE
McMaster Requires Congressional Approval
16 hours ago
THE DETAILS

Congress will need to vote on Donald Trump's pick of Lt. General H.R. McMaster to be his next national security adviser, but not for the reason you think. The position of NSA doesn't require Senate approval, but since McMaster currently holds a three-star military position, Congress will need to vote to allow him to keep his position instead of forcing him to drop one star and become a Major General, which could potentially affect his pension.

Source:
SENT LETTERS TO A DOZEN ORGANIZATIONS
Senate Intel Looks to Preserve Records of Russian Interference
20 hours ago
THE LATEST

"The Senate Intelligence Committee is seeking to ensure that records related to Russia’s alleged intervention in the 2016 U.S. elections are preserved as it begins investigating that country’s ties to the Trump team. The panel sent more than a dozen letters to 'organizations, agencies and officials' on Friday, asking them to preserve materials related to the congressional investigation, according to a Senate aide, who was not authorized to comment publicly. The Senate Intelligence Committee is spearheading the most comprehensive probe on Capitol Hill of Russia’s alleged activities in the elections."

Source:
WON’T INTERFERE IN STRUCTURING NSC OFFICE
White House to Give McMaster Carte Blanche
1 days ago
THE LATEST
NAIVE, RISK TAKER
Russia Compiling Dossier on Trump’s Mind
1 days ago
WHY WE CARE

Retired Russian diplomats and members of Vladimir Putin's staff are compiling a dossier "on Donald Trump's psychological makeup" for the Russian leader. "Among its preliminary conclusions is that the new American leader is a risk-taker who can be naïve, according to a senior Kremlin adviser."

Source:
PLANS TO CURB ITS POWER
Pruitt Confirmed As EPA Head
5 days ago
BREAKING
×
×

Welcome to National Journal!

You are currently accessing National Journal from IP access. Please login to access this feature. If you have any questions, please contact your Dedicated Advisor.

Login