Matt Dean on Energy & Oil
Voted NO on cap-&-trade for greenhouse gas reduction goals
<Legislative Summary: This act may be cited as the "Green Solutions Act of 2008".
- The legislature finds that a cap and trade program will achieve Minnesota's greenhouse gas emissions reduction goals in a cost-effective manner.
The right to emit greenhouse gases should be auctioned to emitting facilities rather than allocated at no cost, with proceeds from the auction invested in projects that advance the transition to a low greenhouse gas-emitting economy.
- A greenhouse gas
cap and trade program is best pursued in cooperation with other Midwestern states.
- A "climate trust fund" is established [to manage revenue from auctions]
OnTheIssues explanation: Cap-and-trade was first popularized in the
1990s under President George H.W. Bush as a means to efficiently reduce CO2 emissions.
Legislative Outcome: Passed House 91-38 on April 23; Rep. Matt Dean voted NO; passed Senate 43-21; signed by Gov. Pawlenty on May 19.
Source: Minnesota legislative voting records: HF 3195
, Apr 23, 2008
Page last updated: Jun 26, 2018