On the recordJune 22, 2005
let me thank my colleagues, Senators McCain and Lieberman, for bringing this debate to the Senate floor. Let me say to my colleague from Delaware, he has made a very compelling statement for sustaining the status quo. America and America's industries have awakened to the marketplace, and they are recognizing and moving this country toward cleaner energy and cleaner industry faster than any command and control Federal regulation could bring us there. Last year, a 2.3-percent reduction in greenhouse gases; this year a projected 3 percent, and all within the economy and all within the initiative of boards of directors and city councils and urban areas. Why? Because there is a belief that it is necessary and important for us to drive down the emission of greenhouse gases without the Federal Government stepping in and taking away the very value of a free market and beginning to command and control a market and shape it in what could be, if not done well or on the wrong science, a distorted market false way. What we passed yesterday was very clear--incentivize, bring in new technology. The Hagel-Pryor amendment that was agreed to by a bipartisan majority is consistent with where this administration and where our initiatives have been going now for well over a decade. We are beginning to see the results. We haven't created a huge Federal bureaucracy. We haven't created a carbon czar. We haven't picked winners and losers.…
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