By Randy Shannon
August 1, 2021
The US Congress is an important battleground in the campaign to slow, stop, and reverse global warming induced catastrophic climate change. The dumping of carbon dioxide from fossil fuels is overwhelming planet Earth.
The financial weight of the coal, oil, and gas industries and their Wall Street owners floods Capitol Hill with their thousands of lobbyists. They write legislation then lobby and threaten Congress to pass dozens of laws that transfer public funds to their industry. These funds are transferred in numerous ways – tax credits, depletion allowances, interest rebates, research funds, loan guarantees, amortization, foreign tax credits, oil spill deductions, income tax exemptions, credits for coal washing.
The carbon polluting industry’s control of Congress guarantees that taxpayers, and actually all citizens, directly subsidize global warming. And we are increasingly victimized by the effects of catastrophic climate change – increased hurricanes, floods, fires; rising ocean levels; melting arctic ice with consequent growing release of methane hydrates that accelerate global warming.
On July 28 Rep. Michael Doyle PA-18 introduced HR4758, co-sponsored by Rep. Conor Lamb PA-17, Mike Kelly PA-16, and Bill Huizenga MI-2. This bill “amends the Internal Revenue Code of 1986 to extend and modify the section 45 credit for refined coal from steel industry fuel, and for other purposes.” This bill has not been printed yet, so the details are not yet available. (https://www.govtrack.us/congress/bills/117/hr4758)Continue reading Stop Catastrophic Climate Change in Congress