SB 112-02: Fuel Inflation Reduction Act (Debating)

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FUEL INFLATION REDUCTION ACT

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1. The Red-Green New Deal Act shall be amended as follows:

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Section I: Title

1. This Act may be cited as the "Red-Green New Deal" or "RGND".

Section II: Resolution

1. We Recognize:

  a. The seriousness and urgency associated with climate change must be met with swift action in order to ensure the continued welfare and prosperity of all Atlasians.

  b. Those at fault must be held accountable, and the industries polluting our environment must be eliminated.

  c. We must aim for a total phase-out of fossil fuels by 2035.

  d. We can spark a green revolution in Atlasia and become a focal point in a new age of industry and technology.

Section III: Extraction

1. Offshore drilling within 25 miles of the Atlasian coastline shall be prohibited from January 1st, 2024.

2. The placing of new oil pipeline, other than for the use of repair or renovation of existing lines, is hereby prohibited.

  a. Any update, repair, or alteration to existing pipeline must comply with existing regulation and be reviewed by appropriate local and federal agencies.

Section IV III: Hydraulic Fracking

1. No new leases shall be granted by any federal agency for new hydraulic fracturing operations, new pipelines, new liquefied natural gas or oil export terminals, new natural gas storage, new ethane cracker plants, new natural gas power generation plants, or other infrastructure intended to extract, transport, or burn natural gas or oil.

2. 1. A tax of ~~10%~~ 15% shall be applied on the profits of any firm which operates any existing lease for hydraulic fracturing operations from the 1st January ~~2021~~ 2022.

a. This tax shall increase to 15% from the 1st January 2022.

b. This tax shall increase to 20% on the 1st January 2023.

c. Beginning on July 1, 2022, the practice of hydraulic fracturing for oil and natural gas is prohibited within 2,500 feet of a home, school, or other inhabited structure in Atlasia.

d. 2. Beginning on January 1, 2025, the practice of hydraulic fracturing for oil and natural gas is prohibited on all ~~onshore and~~ offshore land in Atlasia.

3. The President may suspend this section during a declared state of emergency.

Section V: Utility Ownership

1. The Department of Internal Affairs shall be instructed to create a Social Energy Fund.

  a. The Fund shall receive an amount equivalent to gaining public control over the top twenty five largest publicly traded energy companies headquartered in Atlasia.

   i. "Public Control" is defined as at least 51% of total shares.

  b. The Fund shall offer to voluntarily purchase up to 51% of the total shares in the companies described in IV.1.a.

   i. With each offer, the Department of Internal Affairs shall release a statement declaring its aim to compulsorily purchase the shares required to acquire a majority within sixteen months.

  c. The Fund shall be chartered to utilize its stake in the companies described in IV.1.a to achieve the following.

   i. Compliance with international de-carbonization objectives.

   ii. The transition to an energy sector led by publicly owned renewable energy companies.

   iii. The gradual phase-out of fossil fuel extraction.

Section VI IV: Public Works

1. The Department Internal Affairs shall be instructed to create a New Public Works Administration

  a. The NPWA shall develop, administrate, maintain and oversee public building projects.

  b. The NPWA shall be led by the ranking officer for the Department of Internal Affairs.

   i. Shall there be no ranking officer for the Department Internal Affairs be vacant, these duties shall fall to the President of Atlasia.

2. The ranking officer for the Department Internal Affairs may appoint a board of NPCs to assist in the development of NPWA projects.

3. NPWA projects shall include

   a. Construction and Engineering

   b. Renewable Energy Development and Energy Efficiency Retrofitting

   c. Coding, Server Farms and Technological Development

   d. Sustainable Agriculture

   e. Civil Corps

4. All NPWA projects shall provide workers with the following.

  a. Pay equivalent to 10% above a "living wage" determined by residency.

~~b. Full membership in a labor union.~~

  c b. Employment benefits delegated per project.

5. The NPWA shall operate with an annual budget of $100 billion.

Section VII: Effective Date

1. This act takes effect on January 1st, 2021.

2. This act shall take effect immediately.

Passed 9-5-0-4 in the Atlasian Senate assembled,

- R, PPT

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