Political Quotes

“There are more impacts that are taking place. The greenhouse gas regulations for existing powerplants are expected to be released in June of 2014. The other regulations that are out there--and I am not going to spend any time on this because there are too many. But on the greenhouse gas legislation--even though when it started, it was Charles Rivers and the Wharton School and MIT--they came out with the approximation of $300 to $400 billion a year; and that is every year. The greenhouse gas regulatory costs under the Clean Air Act are totally different. No one has even calculated this yet. I would like to make sure we understand that under the bill my good friend Ed Markey and Waxman put forth, it would regulate the emissions of those organizations that emit 25,000 tons or more. However, if you do it through the Clean Air Act, it would be 250 tons. So you are talking about instead of 25,000 tons--which might be only the very large organizations; refineries and that type of thing--under the Clean Air Act, which is what they are attempting to do today as we speak, it would be just 250 tons, which would be every school, every hospital, every shop, and many residences. So the greenhouse gas regulatory costs--if it costs $300 to $400 billion to regulate organizations that emit 25,000 tons, how much would it be if they emitted 250 tons? It is something that has not even been calculated yet. So we have all of these impacts of the regulations that take place.…”