Title of Item:
SUPPORTING U.S. HOUSE RESOLUTION 763 RELATING TO THE ENERGY INNOVATION AND CARBON DIVIDEND ACT OF 2019 (RC):
RESOLUTION No. 51-2019; A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF STUART, FLORIDA, SUPPORTING UNITED STATES HOUSE RESOLUTION 763, WHICH WILL IMPOSE A FEE ON THE CARBON CONTENTS OF FUEL, INCLUDING CRUDE OIL, NATURAL GAS, COAL, OR ANY OTHER PRODUCT DERIVED FROM THOSE FUELS THAT WILL BE USED SO AS TO EMIT GREENHOUSE GASES INTO THE ATMOSPHERE; AND PROVIDING FOR AN EFFECTIVE DATE.
Summary Explanation/Background Information on Agenda Request:
United States House Resolution 763 (Carbon Dividend Act of 2019) was introduced into Congress on January 24, 2019. The legislation has strong bipartisan sponsorship and support, and is considered a serious "first step" measure by Congress to impose a new fee on carbon emissions. It follows a similar Senate measure that was introduced last year and has gained a significant amount of interest of businesses and industries across the nation.
This Resolution was drafted by staff at the request of City Commissioner Mike Meier.
Funding Source:
N/A
Recommended Action:
Recommend approval of Resolution | | |