[Congressional Record (Bound Edition), Volume 152 (2006), Part 4]
[Senate]
[Page 4284]
[From the U.S. Government Publishing Office, www.gpo.gov]




        SUPPORT THE KEEP AMERICA COMPETITIVE GLOBAL WARMING ACT

  (Mr. PETRI asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. PETRI. Mr. Speaker, for the past 30 years there has been a great 
debate over the true impact of greenhouse gases on global warming. 
There is now general consensus that they are having a significant 
impact on our planet, and it is time for us to act. That is why I am 
cosponsoring Congressman Tom Udall's Keep America Competitive Global 
Warming Act.
  His bill is a commonsense approach to reducing emissions. Unlike past 
legislative efforts that would drive industries out of our country and 
increase home energy bills exponentially, this bill takes into account 
the true costs of emission reductions.
  The legislation sets a reasonable standard for emissions and allows 
companies to buy the time they need to meet our reduction requirements 
without incurring irreparable financial harm. What makes this bill 
unique and effective is that it is flexible enough to give industry the 
opportunity to adapt without forcing business to drastically hike 
prices, lay off workers or move abroad.
  Greenhouse gas reduction needs to be a higher priority for this 
Nation. As the biggest producer of emissions, we must be a leader, a 
leader in demonstrating that we can reduce emissions in a meaningful 
way while maintaining our global competitiveness.

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