On the recordNovember 18, 2014
Mr. President, I come to the floor today to talk about China's inability to keep its promise with the United States. We had someone go over there. Of course, the President went over and talked to President Xi, and they gave assurances that certain things were going to happen. I have always said for quite some time--I have had occasion to visit with the Chinese, and a lot of them were hoping the United States would restrict development here at home so that the only place our manufacturers could go would be places such as China, India, Mexico, and so on. One of the statements made by the President of China was that they would stop increasing their emissions by 2030. But it is impossible to accomplish this goal because of its current domestic energy mix and heavy reliance on coal for affordable electricity for its economy. Now, even if that statement were accurate--that they will eventually stop increasing emissions--what they are also saying is that they are going to continue increasing their emissions from where they are today until 2030. That is a long ways from now. Nonetheless, I made a speech last week in which I said that China has no known reserves of natural gas. I was wrong. I was wrong due to some of the misinformation we got. The fact that they are not able to realize these reserves is very significant. That shouldn't distract from the fact that China has a difficult road ahead in developing affordable sources of fuel to meet its energy demands.…





