All Acid rain Legislation - Federal Government

A bill to amend the Clean Air Act to reduce emissions from electric powerplants, and for other purposes. 4/24/2007--Introduced. Clean Power Act of 2007 - Amends the Clean Air Act to require the Administrator of the Environmental Protection Agency (EPA) to: (1) promulgate regulations to achieve specified reductions in emissions of sulfur dioxide, nitrogen oxides, global warming pollutants, and mercury from certain electric generation facilities; and (2) establish an emission allowance tracking and transfer system for sulfur dioxide, nitrogen oxides, and carbon dioxide.Requires facilities to achieve specified emission standards should emission limitation regulations not be promulgated. Directs the Administrator to study the impact of emission allowance trading. Limits the trading of allowances with facilities other than electricity generating facilities to certain carbon dioxide emission control programs. Sets forth an allocation scheme for emission allowances.[...]

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To provide incentives to reduce dependence on foreign oil. 3/9/2007--Introduced. New Options Petroleum Energy Conservation Act of 2007 - Amends the Internal Revenue Code to allow a tax credit for investment in a climate neutral combustion facility. Defines "climate neutral combustion facility" as any facility which: (1) burns matter to produce electricity; (2) captures and uses carbon dioxide released during combustion to recover hydrocarbon fuel; and (3) produces no emissions of mercury or greenhouse gasses and no emissions that form fine particulate, smog, or acid rain. Extends through 2012 the tax credits for investment in solar energy property and for residential energy efficient property expenditures.Directs the Secretary of Energy to establish a program to award $1 billion to the first U.S. automobile manufacturer who manufactures and sells in the United States 60,000 midsized sedans which operate on gasoline and can travel at 100 miles per gallon.[...]

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