Chamber Warns Against Climate Change Bill

The United States needs a climate change strategy that moves away from excessive regulation and new taxes and towards the development and deployment of new energy technology, U.S. Chamber Vice President of Environment, Technology, and Regulatory Affairs William Kovacs said at a June 3 press conference at Chamber headquarters.

Kovacs pointed to the complex Lieberman-Warner-Boxer bill as an example of a regulation-heavy approach. The bill, which contains more than 300 new regulations and mandates at a cost of more than $2.3 trillion to the U.S. economy, is being considered in the Senate this week. 
 
Kovacs stressed that any climate change solution should be global in scope and focus on technological development that could be exported to other countries. “We have worked months, maybe even years, to explain to Capitol Hill that there are effective ways to address climate change, particularly with technology,” Kovacs said. “With this bill, we’re going to try to regulate away the problem and destroy jobs.” He also warned that the move towards stricter regulations will disproportionately hurt medium, non-industrial businesses.

See a chart of the new rules and regulations required by the Lieberman-Warner-Boxer bill.

Login to view/submit comments.