On October 31, 2007, INGAA submitted initial comments to the Senate Environment and Public Works Committee regarding the Lieberman/Warner climate bill, S. 2191, the America’s Climate Security Act of 2007.
The INGAA comments urge Congress to recognize natural gas as a bridge fuel to a low carbon economy and suggest that, unless the Congress harmonizes its approach to natural gas supply with the demands that will be created by climate change legislation, it will be setting the stage for higher and more volatile natural gas prices.
The comments support the general framework of the legislation with regard to the hybrid approach to the point of regulation. INGAA also raised concerns about the inclusion of fugitive emissions under a cap and trade program as well as the need for a robust pool of offsets.