Full Title: Coverage of Petroleum Sector Greenhouse Gas Emissions under Climate Policy
Author(s): Joel Bluestein and Jessica Rackley
Publisher(s): Center for Climate and Energy Solutions
Publication Date: April 1, 2010
Full Text: Download Resource
Description (excerpt):
The petroleum sector, which includes the production, import, processing, transportation, and distribution of crude oil and refined products such as gasoline, heating oil, diesel, propane, and jet fuel, is a significant source of U.S. greenhouse gas (GHG) emissions. In 2007, GHG emissions from the combustion of petroleum made up 38 percent of total U.S. GHG emissions. Recent federal cap-and-trade proposals regulate emissions from petroleum combustion. Both the Waxman-Markey (H.R. 2454) and Kerry-Boxer (S.1733) bills include petroleum-related emissions under an emissions cap, with the point of regulation at the petroleum refinery or point of import of refined products.