Inhofe Praises Energy Committee for Holding Hearing on Economic Impacts of Climate Bill

Press Release

Inhofe Praises Energy Committee for Holding Hearing on Economic Impacts of Climate Bill

"This economic impact hearing should have been held by the Environment and Public Works Committee."

Sen. James Inhofe (R-Okla.), Ranking Member of the Environment and Public Works Committee, today praised the Senate Energy and Natural Resources Committee for holding a hearing on the economic impacts of the Lieberman-Warner global warming cap-and-trade bill. (Climate Security Act - S.2191)

"The Energy committee's hearing on the economic impacts of climate change legislation is timely and critically needed," Senator Inhofe said. "I am pleased that a Senate committee is examining the costs of Lieberman-Warner, particularly since this bill will drive up gas prices, utility prices and overall energy prices. This economic impact hearing should have been held by the Environment and Public Works Committee.

"On June 2, 2008, Senate Democrats have vowed to bring forward global warming cap-and-trade legislation before the United States Senate that, if passed, would drastically increase the already skyrocketing cost of energy at the pump and in our homes, as well as cost millions of American jobs - all for no environmental gain. Yet despite the enormous financial burden this bill would impose on American families and American workers, the Senate has yet to fully examine and debate this bill."

The Senate Energy and Natural Resources Committee full committee oversight hearing "To receive testimony on Energy and Related Economic Effects of Global Climate Change Legislation" will be held on May 20th at 10 AM EST. See also: New Inhofe White Paper, Web Page, Details Harmful Impacts of Lieberman-Warner Bill

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