Lieberman-Warner Substitute Amendment
As global warming legislation is ready to hit the Senate Floor in roughly two weeks, a substitute amendment is going to be released this week. A copy of the summary of the substitute amendment addresses coal and carbon capture and sequestration in section X. Section X, subtitle A calls for an early delivery of funding for CCS thanks to delays in projects such as FutureGen. It would allocate $15.7 billion for CCS funding. Sec. X, subtitle B attempts to accelerate the deployment of CCS by providing bonus allowances for the geological sequestration of CO2. Finally Sec. X, subtitle C attempts to address the legal framework of CCS, by "ensuring the regulation of underground CO2 storage and pipelines."