Don’t like cash-n-carry carbon credits? No problem!

Sec. 730 ‘‘(c) ALLOWANCES PURCHASED ON LAY AWAY.— ‘‘(1) IN GENERAL.—A covered entity may commit at auction to purchase and take possession of emission allowances after the auction (in this subsection referred to as ‘putting allowances on lay away’). ‘‘(2) PAYMENT REQUIRED BEFORE POSSESSION.—A covered entity may not take possession of emission allowances put on lay away before making full payment of the price committed to at auction.

No surprises, then, that Sec. 732 (b) allows for sale on “Consignment” through EPA. Seriously. But EPA isn’t obligated to obtain the highest price, so that’s good at least.

All of this comes on top of calling each year’s series of ration coupons a “vintage”. What an amusing bouquet these 2025s have! A hint of energy tax and, is that . . . why yes, corporate welfare. Delightful!

This Dingell-Boucher bill doesn’t age well under scrutiny, but just gets weirder and weirder.