Statement of EDF President Fred Krupp on New House Climate Legislation

“We appreciate that Chairmen Dingell and Boucher are moving forward with their bill in this critical economic time for America. Cap and trade is the energy security and economic revitalization policy we desperately need: one that creates new manufacturing jobs that can’t be outsourced and investment in clean energy that doesn’t come from unfriendly nations overseas.  

“The unbending science demands that we reduce global warming pollution far enough – and fast enough – to protect us from the worst consequences of climate change.  The near-term targets and timetables in the current draft of the proposal fall far short of that goal. EDF will continue to push for strong emissions reduction targets in the early years of the program as discussions move forward. Importantly, their proposal appears to manage costs without provisions that would bust the emissions cap.

“We look forward to working with the chairmen, along with leadership and the new president, to pass a bill that protects the climate and delivers the economic stimulusAmerica needs now more than ever.”

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