I cannot tell you exactly. By the way, the $115 is per ton of CO2, not carbon.

What would be the effective price for carbon in order to hit that goal and any schedule in terms of price increases?

Thank you, Mr. Chairman. Let me thank all of our witnesses for their testimony.

I like the carbon price as the tuning knob because it is a stable one with a linear, while in the case of caps, there is too much volatility.

What is important is you really need to provide more choices for the American consumer.

Let us assume that is the path we want to reductions on that schedule. What would be the effective price for carbon in order to hit that goal and any schedule in terms of price increases?

I want to thank Chairman Boxer for her work in keeping the focus on sound science as this debate continues.

I am curious. Before the last year or two, when you must have fully expected that the moratorium would have remained in place...

I appreciate that.

I really came to this hearing to try to learn more about this issue.

I represent rural areas in Maryland, and they do have this issue, but it has not been a dominant issue.

I deeply respect his intellect, his integrity, his financial knowledge, and his commitment to public service.

As President Obama said last night, this is America, we lead. And it is time that we led on this critically important issue.

The scientific information on global climate change has been remarkably consistent.

If you reward private companies that can come up with ways to produce energy with emitting less carbon, that is a win.

The Chesapeake Bay is experiencing radical changes. And it is related to global climate change.

We have technology changing all the time, and with the use of the communications through the Internet, competition is not what it was when these laws were developed.

If the United States does not lead, it won't get done. That is the responsibility that we hold.