Murkowski, Manchin introduce major energy legislation

Sens. Lisa Murkowski (R-Alaska) and Joe Manchin (D-W.Va.) on Thursday introduced a long-awaited energy package that's shaping up to be the best chance this year for passing legislation to expand the use of cleaner forms of energy. The American Energy Innovation Act would touch nearly every aspect of the energy industry, incorporating more than 50 bills advanced by the Senate Energy and Natural Resources Committee. Senate Majority Leader Mitch McConnell (R-Ky.) took steps Thursday to bring the more than 550-page bill to the floor as early as next week. The package would promote research in up-and-coming renewables like geothermal and wave technology while shoring up supplies of minerals needed for the batteries to support long-term use of wind and solar. It also includes efforts to bolster the capture of carbon pollution, including from the coal and natural gas sector, as well as research to expand nuclear energy. However, some portions of the bill, like those dealing with mining, as well as fossil fuels, may prove too controversial for some Democrats. And it’s already being criticized by environmental groups for doing too little to address climate change. The package does not set any specific carbon reduction targets, though committee staff said it is expected to reduce emissions. The legislation contains elements of bills sponsored or co-sponsored by 60 senators from across the political spectrum, as well as some House legislation that has already been sent to the Senate...MORE