Holyrood 350 — H35O

• 100% of the per­mits to bring fos­sil car­bon into the U.S. econ­omy will be auc­tioned from day one – there are no per­mit giveaways.
• 75% of the auc­tion rev­enue is returned directly to the pub­lic as equal per per­son dividends.
• 25% of the auc­tion rev­enue is devoted to invest­ments in energy effi­ciency, clean energy, adap­ta­tion to cli­mate change, and assis­tance for sec­tors hurt by the tran­si­tion from the fossil-fueled economy.
• Zero off­sets are allowed: pol­luters can­not avoid curb­ing use of fos­sil fuels by pay­ing some­one else to osten­si­bly clean up after them.

Her web­site http://cantwell.senate.gov/issues/CLEARAct.cfm reports that she met with Pres­i­dent Obama to dis­cuss the bill.  Her co-sponsor, Sen­a­tor Collings said of the meeting:

“I am encour­aged that the Pres­i­dent promised to take a close look at the CLEAR Act – which includes con­sumer rebates sim­i­lar to an idea the Pres­i­dent pro­posed dur­ing his campaign.”