On the recordJuly 11, 2016
Madam President, for purposes of the floor, I would like to say I understand Senator Sullivan from Alaska will be coming, and I will end my remarks so he can speak as soon as he arrives, but in the meantime, I would like to intersperse my remarks between the various speakers who come. So Senator Sullivan should not be disconcerted if he sees me speaking. I will draw to a rapid conclusion and allow him the floor and I will reclaim it at the conclusion of his remarks. When I finished my remarks a moment ago, I was describing the polluter-funded front group that with one hand threatened to spend $750 million in this election cycle and with the other hand threatened to cause ``severe disadvantage'' in the Republican nomination process and ``political peril'' to people who crossed them in their denial of climate change. That raises the obvious question: Why all that money? Why all those threats? Well, the threats are there and the money is that big because the stakes are very high. The International Monetary Fund, which is a generally respected organization filled with very intelligent people, has determined the fossil fuel industry receives nearly $700 billion in what they call effective subsidies in the United States alone every year. How hard would you fight to protect an effective subsidy of $700 billion a year? No wonder throwing $750 million around seems like a wise investment by the big polluters.…





