Madam Chair, this amendment prohibits the use of funds to consider the social cost of greenhouse gases in the development and implementation of budgets, Federal procurement processes, and environmental reviews. President Biden is directing agencies to consider the social cost of greenhouse gases in the development and implementation of budgets, the Federal procurement process, and environmental reviews. Progressive Democrats use these social costs of greenhouse gas metrics to justify sweeping climate policies and stringent regulations that drive up costs. However, the social cost of greenhouse gases is an extremely inefficient policymaking tool. Estimates are based on very questionable, flawed, and uncertain assumptions, and the Biden administration refuses to share any details on how they come up with these numbers. Madam Chair, I reserve the balance of my time.
On the recordJuly 23, 2024
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