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Senators Poised to Move on Energy Rationing

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Senators Poised to Move on Energy Rationing

Carbon Copy of Failing European Strategy

<?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Washington, D.C., October 17, 2007—Senators Joe Lieberman (I-CT) and John Warner (R-VA) are preparing to introduce their plan to address global warming tomorrow, a “cap and trade” system for limiting greenhouse gas emissions that would have dramatically negative economic impacts while not achieving any meaningful effect on global temperatures or weather patterns.  

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“The Lieberman-Warner bill sets goals to reduce greenhouse gas emissions that would cripple the economy and impoverish people if seriously pursued,” said Competitive Enterprise Institute Director of Energy & Global Warming Policy Myron Ebell. “The method chosen is the same cap-and-trade scheme that is failing to reduce emissions in the European Union while at the same time enriching powerful special interests at the expense of consumers. There is nothing in the Lieberman-Warner approach to suggest that they have learnt why the EU's Emissions Trading System is failing or how to fix it.”

 

 

Energy Experts Available for Interviews

Myron Ebell

Director of Energy Policy

202-320-6685

mebell@cei.org

Marlo Lewis, Ph.D.

Senior Fellow

202-669-6693

mlewis@cei.org

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