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Engel Introduces Greenhouse Gas Bill

Congressman Eliot Engel introduced the Greenhouse Gas Accountability Act of 2007, a bill that would create a comprehensive registry of companies’ greenhouse gas emissions. The bill is one of two proposals under consideration that aim to reduce emissions through greater disclosure.

“To construct a comprehensive, economy-wide global warming policy, we have to know what we are currently emitting, who is emitting it, and data on where in the economy it makes sense to regulate,” said Engel.

The legislation would also require international companies who trade on American stock exchanges to report their emissions abroad as well, which Engel said will help policymakers understand how foreign operations are adding to the accumulation of greenhouse gases.

The bill was sent to the committees on energy and commerce and financial services in late June. No hearings are scheduled yet.

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