WASHINGTON, Feb 14 – Sens. Bernie Sanders (I-Vt.) and Barbara Boxer (D-Calif.) will hold a news conference today to announce comprehensive legislation on climate change. Boxer is Chairman of the Senate Committee on Environment and Public Works. Sanders serves on the environment committee and also is a member of the Senate energy committee.

Under the legislation, a fee on carbon pollution emissions would fund historic investments in energy efficiency and sustainable energy technologies such as wind, solar, geothermal and biomass. The proposal also would provide rebates to consumers to offset any efforts by oil, coal or gas companies to raise prices.

Environmental leaders set to participate include Bill McKibben, founder of 350.org; Mike Brune, executive director of Sierra Club; Tara McGuiness, executive director of the Center for American Progress Action Fund; Tyson Slocum, Public Citizen’s energy director; and David Bradley, National Community Action Foundation executive director.

Watch the press conference live at 11 a.m. here.