I rise to speak in support of the bipartisan resolution to disapprove EPA's endangerment finding, S.J. Res. 26. First of all, I am not here as a climate skeptic. I believe we should reduce emissions, but the steps we take must balance our Nation's energy and economic needs. Climate change is a global environmental issue that cannot be solved by America acting alone. EPA's own data shows us that unless the rapidly expanding economies of China and India reduce emissions, U.S. action will have no impact on global temperatures. It is widely acknowledged that regulations that flow from EPA's endangerment finding will jeopardize job creation, our economic recovery, and American competitiveness. That has been made very clear by those who have spoken before me. This was openly acknowledged by the Obama administration last year when the White House Office of Management and Budget cautioned: Making the decision to regulate CO2 under the [Clean Air Act] for the first time is likely to have serious economic consequences for regulated entities throughout the U.S. economy, including small businesses and small communities.
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Senator Voinovich discusses the economic implications of the EPA's endangerment finding and its impact on emissions regulations.
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