coal industry

A powerful coal-state Democrat has inserted a 24-page provision into the U.S. Congress’s proposed cap-and-trade bill that would create a $10 billion Carbon Storage Research Corporation, including up to $500 million in “administrative expenses” over the next 10 years. The Web site Solve Climate said the institute would be operated by the coal industry and would research methods of storing carbon dioxide underground; it would be funded with a 50-cent-per-month surcharge on the utility bills of all U.S. households.