Washington, D.C. - Sen. James Inhofe (R-Okla.), Ranking Member of the Senate Committee on Environment and Public Works, commented today on the Kerry-Lieberman cap-and-trade bill and its eventual political fate in the Senate:
"My first reaction to the Kerry-Lieberman bill is that it's the same old cap-and-trade scheme that the Senate has defeated three times since 2003," Senator Inhofe said. "In fact, it has a strong resemblance to the disastrous Waxman-Markey bill. Only now, along with paying skyrocketing electricity prices, consumers will pay a gas tax.
"The Kerry-Lieberman cap-and-trade proposal is just like Waxman-Markey in another key respect: it will destroy millions of good-paying jobs, many of which will be lost in regions, such as the Midwest, South, and Great Plains, which depend on coal for electricity. Given these facts, it's no wonder that this massive energy tax is opposed by Republicans and Democrats alike, and that is has virtually no chance of passing the Senate."
"The sooner we reject global warming cap-and-trade legislation, and get to work on an all-of the-above energy policy, the sooner the American public will have access to affordable, abundant, American-made energy."