Political Quotes

“Deutsche Bank, the biggest bank in Europe, recently issued a report on global clean energy investment opportunities in which it stated, ``Countries with more TLC, transparency, longevity, and certainty, in their climate policy frameworks will attract more investment and build new clean industries, technologies, and jobs faster than their policy-lagging counterparts.'' The TRAIN Act is one more step in the wrong direction by the same Republican House which has held over 110 anti-environmental votes. This unprecedented assault on the environment has devastating consequences for our economy. As the Deutsche Bank report said, ``Germany and China have emerged as global leaders in low carbon technologies and investment. The net effect is that while Congress stumbles, the U.S. stands to fall behind.'' This investor report, from Europe's largest bank, identified several policy failures that are impeding job growth here at home. First, Congress has not established a carbon reduction target, or required polluters to pay for the cost of greenhouse gas pollution. Congress does not have a national renewable standard or even an energy efficient standard. The Deutsche Bank report notes that the lack of these regulations and incentives has actually forced investors to make investments elsewhere, including in China and other countries, rather than here at home in America. As a result, we have lost solar and other advanced technology market share to our competitors.…”