| 00:00:00 | OFFICER: FIVE MINUTES. |
| 00:00:01 | MRS. |
| 00:00:05 | BOXER: THANK YOU. |
| 00:00:06 | THE PRESIDING OFFICER: THE SENATOR FROM SOUTH CAROLINA. |
| 00:00:09 | MR. |
| 00:00:10 | GRAHAM: THANK YOU VERY MUCH. I APPRECIATE WHAT SENATOR MURKOWSKI IS TRYING TO DO. |
| 00:00:13 | TO ME, THIS IS SORT OF A BALANCE OF POWER ISSUE. |
| 00:00:16 | I COURTS RULED, I THINK IN 2007, THAT GREENHOUSE GASES COULD BE REGULATED UNDER THE CLEAN AIR ACT. |
| 00:00:22 | SENATOR VOINOVICH IS RIGHT. |
| 00:00:23 | THE CONGRESS HAS NEVER MADE THAT DECISION. |
| 00:00:25 | THERE'S BEEN EFFORTS IN THE PAST TO GET CARBON POLLUTION REGULATION BY THE CLEAN AIR ACT. |
| 00:00:31 | IT'S NEVER PASS LEGISLATIVELY. |
| 00:00:32 | COURTS HAVE SPOKEN. |
| 00:00:33 | THE TOOL BEING USED HERE TODAY IS A LEGISLATIVE TOOL AVAILABLE TO THE CONGRESS TO BASICALLY PUT REGULATORY POWERS IN CHECK. |
| 00:00:43 | AND WHAT WE'RE DOING BY PASSING THIS AMENDMENT IS BASICALLY STOPPING THE E. |
| 00:00:47 | P.A. FROM REGULATING CARBON AND HERE'S THE REAL RUB. |
| 00:00:51 | IF WE STOP THEM, ARE WE GOING TO DO ANYTHING? |
| 00:00:54 | AND MY VIEW IS THAT WE NEED TO DO SEVERAL THINGS TO REPLACE THE E. |
| 00:01:00 | P.A. THE E. |
| 00:01:01 | P.A. REGULATION OF CARBON CANNOT PROVIDE TRANSITION ASSISTANCE TO BUSINESSES. |
| 00:01:05 | THEY DON'T HAVE THE FLEXIBILITY, THE TOOLS NECESSARY TO CREATE RATIONAL ENERGY POLICY THAT WOULD CREATE AN ECONOMIC BURDEN AT A TIME WE NEED TO CREATE ECONOMIC OPPORTUNITY. |
| 00:01:15 | SO THE REGULATORY SYSTEM OF DEALING WITH CARBON POLLUTION, I THINK, IS THE WRONG WAY TO GO. |
| 00:01:20 | BUT TO DO NOTHING WOULD BE EQUALLY BAD. |
| 00:01:23 | TO DO NOTHING MEANS THAT CHINA IS GOING TO DEVELOP THE GREEN ENERGY TECHNOLOGY THAT'S COMING IN THE 21st CENTURY. |
| 00:01:30 | SO WHAT I WOULD PROPOSE THAT THE CONGRESS, ONCE WE STOP THE E. |
| 00:01:35 | P.A., THAT WE CREATE A RATIONAL WAY FORWARD ON ENERGY POLICY THAT INCLUDES CLEAN AIR AND REGULATION OF CARBON. |
| 00:01:42 | NUMBER ONE, THE TRUST FUND THAT'S USED TO BUILD ROADS AND BRIDGES IS TREMENDOUSLY UNDERFUNDED. |
| 00:01:49 | SENATOR INHOFE AND OTHERS HAVE CHALLENGED THE CONGRESS TIME AND TIME AGAIN TO DO SOMETHING ABOUT SHORTFALLS IN THE HIGHWAY TRUST FUND. |
| 00:01:57 | TO THE TRANSPORTATION COMMUNITY, IF YOU'RE LISTENING OUT THERE YOU HAVE A CHANCE, AS A BROADER PACKAGE, TO BE PART OF A BROADER DEAL, TO GET MONEY FOR THE HIGHWAY TRUST FUND. |
| 00:02:06 | BUT YOU'LL NEVER DO IT STANDING ALONE. |
| 00:02:08 | WE'RE HE NOT GOING TO RAISE TAXES TO PUT MONEY IN THE TRANSPORTATION TRUST FUND, AND THAT'S ALL WE DO. |
| 00:02:15 | I THINK THE TRANSPORTATION SECTOR NEEDS TO BE LOOKED AT ANEW. |
| 00:02:20 | HOW CAN WE LOWER EMISSIONS ON THE TRANSPORTATION SIDE, REDUCE OUR DEPENDENCY ON FOREIGN OIL, AND REPLENISH THE TRUST FUND? |
| 00:02:28 | I WOULD ARGUE THAT CONGRESS COULD COME UP WITH POLICIES THAT WOULD DRAMATICALLY REDUCE Co2 EMISSIONS COMING FROM CARS AND TRUCKS WITHOUT A CAP ON GONE, THAT WE COULD HAVE -- WITHOUT A CAP ON CARBON, THAT WE COULD HAVE INCENTIVES TO DEVELOP HYBRID CARS AND ELECTRIC CARS THAT WOULD ACTUALLY BREAK OUR DEPENDENCY ON FOREIGN OIL. |
| 00:02:52 | IF YOU TAKE THIS DEBATE AND SEPARATE IT OUT FROM OUR DEPENDENCY ON FOREIGN OIL, YOU'VE MADE A HUGE MISTAKE. |
| 00:02:59 | $439 BILLION WAS SENT OVERSEAS BY THE UNITED STATES LAST YEAR TO BUY OIL FROM COUNTRIES WHO DON'T LIKE US VERY MUCH. |
| 00:03:04 | WHEN YOU TALK ABOUT CONTROLLING CARBON, YOU ALSO OUGHT TO BE TALKING ABOUT ENERGY INDEPENDENCE. |
| 00:03:10 | SO I WOULD SUGGEST THAT CONGRESS LOOK AT THE TRANSPORTATION SECTOR WITH A COMPREHENSIVE APPROACH THAT WILL REDUCE OUR DEPENDENCY ON FOREIGN OIL, THAT WILL CREATE VEHICLES THAT ARE MORE ENERGY EFFICIENT AND PRODUCE LESS CARBON TO CLEAN UP THE AIR, AND YOU CAN DO ALL THIS WITHOUT A CAP, AND PUT MONEY INTO THE TRUST FUND TO REBUILD BRIDGES AND ROADS THAT ARE FALLING APART AS AMERICA GROWS. |
| 00:03:34 | THESE ARE JOBS THAT WILL NEVER GO TO CHINA. |
| 00:03:37 | SO WE NEED TO HAVE A VISION ON TRANSPORTATION. |
| 00:03:40 | THAT NEEDS TO BE PART OF OUR BROADER VISMGHTS WHEN IT COMES BREAKING OUR DEPENDENCY ON FOREIGN OIL, WE NEED TO USE LESS OIL. |
| 00:03:48 | THE PRESIDENT IS RIGHT. |
| 00:03:49 | A LOW-CARBON ECONOMY IS A SAFER AMERICA. |
| 00:03:55 | BUT WE HAVE NATURAL FOSSIL FUEL ASSETS IN THIS COUNTRY. |
| 00:03:58 | WE HAVE OIL AND GAS. |
| 00:04:00 | THE GULF OIL SPILL IS A TREMENDOUS CATASTROPHIC ENVIRONMENTAL DISASTER. |
| 00:04:06 | BUT IF WE OVERREACT AND SAY THAT WE'RE GOING TO STOP EXPLORING FOR DOMESTIC OIL AND GAS, 9 MILLION BARRELS A DAY COMES FROM DOMESTIC DRILL, THE PEOPLE OF THE MIDEAST WOULD SHARE THAT POLICY. |
| 00:04:22 | THE BIGGEST WINNER OF STOPPING DOMESTIC DRILLING WOULD BE OPEC NATIONS. |
| 00:04:28 | SO IT IS NOT IN OUR NATIONAL SECURITY INTEREST, IT IS NOT IN OUR ECONOMIC INTEREST TO MAKE A RASH DECISION ON OIL AND GAS EXPLORATION. |
| 00:04:35 | I WOULD ENCOURAGE THE CONGRESS TO SLOW DOWN, FIND WAYS TO SAFELY EXPLORE FOR OIL AND GAS AND MAKE IT PART OF AN OVERALL ENERGY VISION THAT WILL ALLOW US TO BREAK OUR DEPENDENCY ON FOREIGN OIL. |
| 00:04:46 | NOW, WHEN IT COMES TO JOB CREATION, WIND, SOLAR, BATTERY, NUCLEAR POWER, ALL OF THE ENERGY EFFICIENCY GREEN TECHNOLOGY THAT'S GOING TO COME IN THIS CENTURY IS GOING TO CHAIRWOMAN FROM CHINA IF WE DON'T GET OUR ACT -- IS GOING TO COME -- IS GOING TO COME FROM CHINA IF WE DON'T GET OUR ACT TOGETHER. |
| 00:05:10 | THAT MEANS INCENTIVES FOR WIND, SOLAR AND, YES, NUCLEAR POWER. |
| 00:05:14 | 20% OF OUR POWER COMES FROM THE NUCLEAR INDUSTRY. |
| 00:05:18 | 82% OF THE FRENCH ECONOMY POWER COMES FROM THE NUCLEAR ECONOMY. |
| 00:05:22 | SURELY WE CAN BE AS BUILD AS THE FRENCH. |
| 00:05:24 | IF YOU HAD A RENAISSANCE OF NUCLEAR POWER IN THIS COUNTRY, YOU WOULD CREATE MILLIONS OF JOBS IN THE COURSE OF BUILDING NUCLEAR POWER PLANTS. |
| 00:05:31 | WE COULD COME UP WITH WAYS TO TREAT THE WASTE. |
| 00:05:34 | AND TOIMED SAY I WANT TO SAY THIS ABOUT PRESIDENT OBAMA. |
| 00:05:37 | HE HAS BEEN VERY GOOD ON NUCLEAR POWER. |
| 00:05:40 | SECRETARY CHU HAS BEEN EXCELLENT IN TRYING TO DEVELOP INCENTIVES TO EXPAND SNR POWER IN A -- TO EXPAND NUCLEAR POWER. |
| 00:05:50 | CARBON IS BAD. |
| 00:05:51 | LET'S DO SOMETHING ABOUT IT IN AN ECONOMY-SENSE WAY. |
| 00:05:55 | ONE LAST THOUGHT -- ALL OF THIS -- COULD I HAVE 30 SECOND, PLEASE? |
| 00:05:58 | THE PRESIDING OFFICER: WITHOUT OBJECTION. |
| 00:06:00 | GREENHOUSE GASMR. |
| 00:06:01 | GRAHAM: THIS IDEA ABOUT WHAT TO DO WITH CARBON. |
| 00:06:03 | YOU |
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