James Lankford actually said...

So what happens when SECRETARY or the Commodity Futures Trading Commission (CFTC) or some other independent agency is working on a rule and ...

So how do you do the indirect benefits as well as indirect costs when you deal with something like the social cost of carbon?

You might want to check on some of the regulations coming down in the coal industry then because that has been a pretty rapid acceleration, ...

But in a 20-year window, I would just say almost always the people that are paying the capital up-front are going to lose.