[Congressional Record (Bound Edition), Volume 161 (2015), Part 2]
[Extensions of Remarks]
[Page 2340]
[From the U.S. Government Publishing Office, www.gpo.gov]




          INTRODUCING THE ``MANAGED CARBON PRICE ACT OF 2015''

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                           HON. JIM McDERMOTT

                             of washington

                    in the house of representatives

                       Friday, February 13, 2015

  Mr. McDERMOTT. Mr. Speaker, I rise today to re-introduce legislation 
to put a price on harmful carbon emissions.
  Tackling climate change is not merely a warm, fuzzy idea championed 
by tree huggers. It is a growing crisis with global implications that 
environmentalists, business leaders, political leaders, and military 
strategists alike cannot ignore. Earlier this year, the White House 
included climate change among its ``top strategic risks,'' citing 
``increased natural disasters, refugee flows, and conflicts over basic 
resources like food and water.'' Even the Pentagon has been sounding 
the alarm on climate change.
  In reintroducing this legislation, I call continued attention to an 
issue of which I have long been a champion. I first introduced 
legislation to impose a carbon tax in 2009, recognizing the scientific 
consensus and anticipating the growing call to action precipitated by 
the increasingly drastic weather events and their growing human, 
environmental and fiscal cost.
  My legislation, the Managed Carbon Price Act of 2015, places a price 
on carbon emissions that would increase over time. The proceeds from 
this legislation go into a newly-created Energy and Economic Security 
Trust Fund where 100 percent of the revenue goes back to the public to 
offset any price increases. This bill is good for the environment and 
good for business.
  While Seattleites have long recognized the need to act on climate 
change, I am pleased to see President Obama and the Environmental 
Protection Agency take bold actions to confront this growing threat. 
With our international partners moving forward, multinational and 
American businesses already accounting for future prices on carbon, and 
former Republican officials acknowledging the urgency of this growing 
threat, it is past time for Congressional Republicans to accept the 
science and work together with Democrats to combat climate change. I 
urge my colleagues to support this legislation.

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