On the recordMarch 21, 2024
Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I deeply appreciate the gentleman's tutorial on economics and history, and I could not agree with him more. I hope at some point our Republican colleagues rediscover the power of the market, like what would happen with the carbon tax, which we are seeing around the world moving in this direction. There are two basic approaches we can take. One is to use market forces, like putting a price on carbon, or simply being the handmaiden to Big Oil. I can't think of a more dramatic example of the fallacy of that approach than to look at the home State of our Speaker that has done the bidding of Big Oil for decades. What is the result of that impact in Louisiana? It hasn't been a hotbed of economic development. To the contrary. But there are other consequences that are serious. A recent study by the Environmental Integrity Project found that Louisiana is home to eight of the worst polluting refineries in the entire country. Their refineries make up half of the top 10 ammonia polluters. A region on the banks of the Mississippi River between New Orleans and Baton Rouge is known as Cancer Alley because of the negative consequences of the petroleum industry and the refusal of the State to provide regulation. The untrammeled growth of the fossil fuel industry has resulted in cutting up the landscape, the loss of about one football field a day into the Gulf of Mexico. Parts of the State are sinking.…





