On the recordMarch 4, 1999
I am pleased to join in cosponsoring legislation introduced today by Senator Chafee and my other colleagues to establish a voluntary incentive-based program to reduce the emissions of greenhouse gases. This is an innovative concept that is in its formative stages. I am pleased to join in support of the concept of providing binding credits for industries who can verify reductions in greenhouse gas emissions. While there are significant issues that must be resolved in the final version of this legislation, I believe this voluntary approach has significant potential to encourage real reductions in greenhouse gas emissions. I look forward, as a member of the Committee on Environment and Public Works, to actively participating in the further development of this legislation. Mr President, I also want to make clear that my support for this legislation does not indicate a change in my position on the Protocol on Global Climate Change--the Kyoto Protocol. I continue to strongly feel that the protocol is fatally flawed, and in its current form, should not be ratified by the Senate.
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