Legislative Counsel presented an amendment, recommended by the Treasurer, on Friday. The amendment adds a new definition of de-minimus exposure which means holding less than 2% of the overall investment. The language recommends that VPIC develop a plan which identifies stocks and securities are carbon-heavy and make suggestions on how to divest by the end of 2030 with minimum exposure of funds.Read more
Friends, the Senate is voting TODAY on a bill to introduce a carbon pricing scheme for home heating fuels that the Scott Administration says will increase the cost of heating fuels at least $0.70 per gallon. This morning I sent the letter below to all our Senators, but we need you to speak out as well. NOW is the time to make your voice heard. If carbon pricing on heating fuels will hurt your family's financial stability, Senators need to hear from you!Read more
Kitchel highlighted the importance of a “potential study.” It informs everything else, including the economic and technical feasibility of the plan. Based on Julie Moore’s testimony (Secretary, Agency of Natural Resources), this study needs to be the first step in this process, and must be added to the bill.Read more
After sitting nearly a week, S.5 was brought up in the Senate Appropriations Committee on Thursday afternoon. June Tierney (Commissioner, Department of Public Service) testified that the $400K allocated in S.5 is not enough funding to achieve the goals for her department set out in the bill.
Tierney generally supports the idea of “potential study” to see what the impact will be and to discover if climate goals are practical and can be fulfilled. She pointed to questions like what is out there, what can be done, and at what cost?Read more