FWIW: Energy Security Trust involves neither carbon, nor tax.
The Energy Security Trust, as outlined by President Obama in his
State of the Union address, calls for a portion of federal
revenue generated through domestic energy production to be
directed to support the research and development of alternatives
to oil in the transportation sector. The proposal is based on a
recommendation SAFE made in its National Strategy for Energy
Security. For our part, we welcome the President’s proposal and
look forward to working with his Administration and with leaders
in Congress, such as Senator Lisa Murkowski (R-AK), who has also
proposed establishing an energy security trust fund, to iron out
differences and implement this important initiative. While
important details –such as whether revenue should come from
expanded production (as SAFE and Murkowski support) or from
existing production (as in the White House proposal)—are likely
to be visited during negotiations, there is one thing that the
initiative absolutely d