HB 2020 “cap and invest”

02/06/2019
HB 2020 VOTE: NO
In Committee
Public Hearing See List
Status (overview) of bill: https://olis.leg.state.or.us/liz/2019R1/Measures/Overview/HB2020
Committee assigned to bill: https://olis.leg.state.or.us/liz/2019R1/Committees/JCCR/Overview

Updated dates and locations are listed below:
• Springfield: Friday, February 22 – Springfield City Hall, Council Chamber, 225 5th St. (12-3 pm)
• Medford: Saturday, February 23 – Central Medford High School, Auditorium, 815 S Oakdale Ave. (9 am-12 pm)
• Baker City and Newport (remote testimony): Monday, February 25 – Live video feed to the Capitol from:
o Baker County Fairgrounds, Event Center, 2600 East Street (5-6 pm)
o Oregon State University – Lincoln County Extension, Thompson Conference Room First Floor,
1211  SE Bay Boulevard (6-7 pm)
• The Dalles: Friday, March 1 – The Dalles Civic Auditorium, Community Room, 323 E 4th St. (12-3 pm)
• Bend: Saturday, March 2 – Central Oregon Community College, Cascades Hall, Room 246-248, 2600 NW College Way (9 am-12 pm)

Published on Track Their Vote: http://www.tracktheirvote.org/


This bill requires large polluters to purchase permits for their greenhouse gas emissions with availability of permits declining over time, leading to a reduction in emissions. The money raised from permits would be spent on projects to promote clean energy. Repeals the Carbon Dioxide Emissions Standards.

Personal Choice and Responsibility
Seeks to get carbon levels down to 80% of Oregon’s 1990 emission level by 2050, hoping to slowly ease into the added cost. Among other rising costs, fuel prices will increase by 30 cents to 50 cents per gallon. For all that pain it would only mean reducing global CO2 emissions by less than a quarter of one percent, meaning we will still suffer all the harms of climate change anyway, and we will simply have impoverished ourselves in the attempt. Overrides consumer protection that PUC was designed to provide.

Limited Government
Oregon’s sector-based emissions are 10% above 1990 levels of 56 million metric tons. Changes the goals to reduce greenhouse gas emissions to at least 45 percent below 1990 emissions levels by 2035 and to at least 80 percent below 1990 emissions levels by 2050, which is a zero impact on climate change. The amount of carbon Oregon would be allowed to emit in 2050 is 11.2 metric tons. According to the U.S. Environmental Protection Agency (EPA), Oregon produced almost 38 million metric tons of carbon emissions from the use of fossil fuels, which ranks the state at 38th among the 50 states and the District of Columbia. That’s already 32% below 1990 levels. Oregon makes up well under 1 percent of the U.S. output. Firms that exceed the cap will trade credits with companies that are under the cap in order to avoid fines from the state – whereby spreading the emissions but not reducing them.

Local Control
Some moneys will go to rural projects in an attempt to get some bi-partisan votes to boost the sale of the bill.

Free Markets
This is anti-free market and displays the highest level of control over manufacturing and distribution of goods. Ash Grove Cement, near Durkee, will possibly close being less competitive against Chinese cement makers.

Comments

  1. Global Warming is Such a hoax: It is Fukushima that is heating up the ocean by 6 Degrees, and therefor the earth itself must be warming because of the increase in ocean temp. Raise taxes on the fish, maybe they need to cool off the ocean & the USA.
    *Fukushima Update -The largest mass die offs of Sea Life ever recorded” now underway on West Coast [at 3:25sec. the ocean is 6 Degrees hot than normal.]
    https://www.youtube.com/watch?v=apfzr6aombA

Leave a Reply