For a period of time, fossil fuel producers would be able to earn partial credits under the standard by lowering their carbon intensity, but this would eventually be phased out.
The legislation also aims to tackle emissions from the transportation sector through measures including authorizing $500 million to deploy electric vehicle equipment such as charging stations and authorizing $2.5 billion annually to transition the country’s school bus fleet to zero-emission vehicles.
It would additionally set energy efficiency targets and standards for buildings and seek to provide more funding for energy efficiency in schools, homes, nonprofits and infrastructure.
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The legislation, which would in total authorize $565 billion over 10 years, also has an overarching requirement that 40 percent of funds made available through it would benefit communities that have faced environmental inequality.
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OVERNIGHT ENERGY: House Democrats reintroduce road map to carbon neutrality by 2050 | Kerry presses oil companies to tackle climate change
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Native American advocates helped delay the Resolution Copper mining project planned for Arizona, after officials on Monday temporarily blocked the transfer of federal lands for the project for at least several months.
Tom Torres, the acting forest supervisor at Tonto National Forest, the location of the land in question, announced that the Department of Agriculture directed him to withdraw the environmental impact statement that the Trump administration issued five days before his presidency ended.
Due to a previous congressional law, the 2,422 acres of the Oak Flat section would immediately be transferred to Resolution Copper 60 days after the environmental impact statement. But the Forest Service’s Monday actions stopped the automatic turnover.