Nov. 15 (Bloomberg) -- The incoming chairman of the Senate Energy and Natural Resources Committee said enacting a carbon tax would require a “big lift politically” and he plans to instead focus on hydroelectric power, geothermal and biomass to cut carbon emissions.
Senator Ron Wyden, an Oregon Democrat, also said natural gas offers a chance for both parties to seek a compromise on energy policy. New reserves of natural gas are helping improve the economy, he said today at an event in Washington.
Wyden is scheduled to replace Senator Jeff Bingaman, a New Mexico Democrat, as committee head in the next Congress. Bingaman is retiring.
Senator Lisa Murkowski, an Alaska Republican, also brushed aside the idea that Congress would agree to impose a tax on carbon emissions as a way to raise revenue to help resolve U.S. fiscal problems.
“If we are just looking at this as a revenue raiser for the Treasury, to me that’s bad policy,” Murkowski, top Republican on the panel, said the an event sponsored by CQ-Roll Call and the Nuclear Energy Institute.
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