Pete Domenici: “I hope I can say what I want to say in 6 minutes. If not, I will ask the Senator for a couple more minutes. I note…”

“I hope I can say what I want to say in 6 minutes. If not, I will ask the Senator for a couple more minutes. I note Senator Bingaman is in the Senate. About a week ago, 6 days ago, there was a comment that Senator Bingaman had a proposal that would move in the direction of mandatory cleanup for carbon. I was intrigued by the group that made the study and suggested a way to do it. They had testified before a committee hearing in the Energy and Natural Resources Committee. We were intrigued when they talked about their idea. Senator Bingaman had taken it upon himself to put those preliminaries into the format of a bill. It was said, and I was quite surprised at how much notoriety ensued, that I might be joining my New Mexico partner in this proposal. And that was true, I was considering. And, in fact, we did consider it. The Senate should know, at least from this Senator's standpoint, what I found out. I found out it is very easy to say we ought to have some mandatory reductions. It is very easy to say what percent reduction there should be. As a matter of fact, the proposal we were looking at sounded rather achievable.…”