Thursday, November 29, 2007
Climate Change Legislation
The U.S. Senate is working on a bill, co-sponsored by Senators Lieberman and Warner, that would require cuts in U.S. greenhouse gas emissions. Opponents, including the U.S. Chamber of Commerce, cite huge numbers without explanation. According to the Chamber of Commerce stated "If this bill becomes law, 3.4 million Americans will lose their jobs. American GDP will decline by $1 trillion. And American consumers will be forced to pay as much as $6 trillion to cope with carbon constraints." Here's a link to the depth the Chamber has sunk to.