A resolution providing for members on the part of the Senate of the Joint Committee on Printing and the Joint Committee of Congress on the Library.

Mr. President, if you will let me know when I have gone 20 minutes, I will greatly appreciate it.

Mr. President, this is a historic day, not only for our country, but I think the world is watching us. It is because we have a pressing issue called global warming, climate change; you could call it either one. Scientists have told us that in fact we have a very small window right now within which to respond. But it is a historic day because for the first time we have what I call tripartisan legislation out of the Environment and Public Works Committee. It is the Boxer- Lieberman-Warner bill. It is a Democrat, it is an Independent, and it is a Republican. We have come together to say to our colleagues and to the American people: Finally, we are going to deal with this critical challenge.

I wish to take a moment to thank Senator Reid for scheduling this matter. There were a lot of voices saying: Why do this now? Why do we have to do this now? I know, because I came to the Congress with Harry Reid, why he wants to do this now. Because it is, in fact, one of the greatest challenges of our generation and we have to respond with a landmark bill, it will take us a while. We must get started. We certainly hope our colleagues will vote to get started. If they do not vote to get started, they are going to have to explain why they have turned their backs on the world's leading scientists and on the Bush administration's own political appointees--such as the head of the CDC, who told us that we face real problems if we do not act, such as the vectors that will now live in warming waters. They will be turning their backs on the intelligence community and the military community, who have looked out in the future and have written papers--and this is the main reason John Warner is into this--telling us that if we do not act, we are going to see desperate refugees throughout the world. We are going to see droughts and floods worse than the ones we have seen. When refugees are moving because of rising waters, droughts, or floods, you are going to see wars develop in all parts of the world. That is why Senator Reid said yes. He said yes to American leadership. That is what we want to say by moving to this bill and supporting it. We say yes to green jobs.

Because the President already said he is going to veto this bill if it passes, I have to say it is very interesting that one of the reasons he gave is that in one of the models, it shows that gas prices will go up 50 cents a gallon in 20 years. That would be 2 cents a year. In fact, if you look at the record of this administration--and they have done nothing to stop it--gas prices have gone up, under their watch, 250 percent. Just take a look at this chart--250 percent, from $1.47 to $3.94; 250 percent. This administration did nothing. Now when they come forward and they say we can't pass this bill because gas prices will go up, here is the truth.

The truth is, because we are going to get better fuel economy-- because of a bill the President did sign, and we are glad he supported this part--you are going to be putting less fuel in your tank. So even if it is more per gallon, you are going to be getting better mileage, so you are not going to feel that 2 cents a year. And second, and this is key, it is fitting for this administration which has supported big oil and supported foreign oil and goes to the Middle East and holds hands with the leaders there and kisses them on the cheek and begs for oil--it is very fitting: They are still the voice of the status quo. They are still the voice for continuing our dependence on oil.

This is what has happened without a climate change bill. This is what has happened without a bill to fight global warming. We see this ridiculously impossible increase in costs, and then the administration does nothing about this but is scaring the people and saying they are going to get hit with higher prices.

Let me also address this. In this Boxer-Lieberman-Warner substitute that is before us, we have in there two things we didn't have in the Lieberman-Warner bill. One is a deficit reduction fund.

You can take down the chart now. It is too ugly to look at.

In the Boxer-Lieberman bill, we did not have a deficit reduction trust fund, and therefore people could have argued that this is going to be a terrible thing for us as we look out in the future. We put that in there, and CBO says our bill is deficit neutral.

We also have in this bill a very large piece--almost $1 trillion--of tax relief. So when we do see some increases in energy costs in the early years--electricity, for example--we can offset that because there will be tax relief and then there will be this consumer relief that will go through the utilities. They will give rebates immediately.

For those people who said: Oh, my goodness, we are moving forward with this and we need to make sure we can get off the track, I want to say thank you to Senators Bingaman and Specter who, in their bill, had created what I thought was a very important off-ramp. The one thing I didn't agree with them on was the price they pegged for the price of carbon because the business people I spoke to, including those in Silicon Valley, said: That is a mess. If the price is too low, then business will simply not invest. The Silicon Valley people and the investors from across this country--we had one at a press conference today who said he represented, I think, a $4 trillion fund,

said they are waiting to invest in new green technologies, in new jobs. They are waiting to do it. They are waiting for this legislation. But they will not do it unless we don't have an easy off-ramp, we have an off-ramp that can be used in circumstances that warrant it.

We have put the number between $22 and $30, which reflects the consensus of the labor groups as well as the environmental groups. We have tried to come together. We have tried to put this together in such a way that it essentially moves us forward, takes us where we have to go, and takes us there in a way that will mean the creation of millions of jobs.

Some of our colleagues will say this: Why do this now? We are in a recession. Precisely because we are in a recession is why we should be doing this. This bill is the first thing that brings us hope.

We sent a rebate check to people. I am really glad we did it. I voted for it. Guess what. We had no money to do that. We had to go into the red to do that. We had to go into deficit spending to send a rebate check. This bill gives us the funds to give relief to our consumers. This bill does that.

I compliment Judd Gregg because I have had meetings with him, and this was his point. Mind you, he wants to give it all back to taxpayers. We use some of it for investments in these new technologies so we can swiftly move away from foreign oil and big oil, but it was Judd Gregg--who I know was not a fan of our bill, again because of what I said--who gave us this idea and this notion that we could have these funds to return to our consumers.

I know Senator Warner, who is on the floor now, has many contributions he is going to talk about in this bill. I will not go into details. But he also said it was important that the President has an ability to say: Wait a minute, this bill goes a little too far. We have to take a pause, a timeout. He has written it in such a way that I am very supportive of it because it balances the powers of the President and Congress. He will talk more about it.

Now that I see my two colleagues are on the floor--I have not had a chance to thank him on the Senate floor--I want to say to Senators Lieberman and Warner how much they mean to me--on this issue and also personally. I will not get overly emotional about it at all, but I will say this about Senator Warner: Senator Warner has a legacy that if he didn't do one more thing in the Senate, if he just decided to come by and say ``Hi'' to us for his last 6 or 8 months, it would have been enough. It would have been 10 times what most of us will achieve.

His legacy on national security is unparalleled; you know that and I know that. You have spoken to me about it. But when Senator Warner came to me, since I am now chair of the EPW Committee--which is the deepest and greatest honor I have ever had--and he said: I have been doing a lot of thinking about this, Barbara, and I think we have to move; we have to get America back into a leadership position; I have told Joe Lieberman; he said he is going to work with us.

I knew at that moment we would, in fact, reach this day. Now, even reaching this day was not easy. When you read ``How a Bill Becomes a Law,'' and it says, you take it to the subcommittee, and the subcommittee approves it; you take it to the full committee, the full committee approves it; then you take it to the floor and the floor approves it, this was difficult for us to get through subcommittee and then to get through the full committee and now to take it to the floor. We know this is not easy. We know this is difficult. All great matters of the day are not easy. They take time. They take effort.

Landmark laws take effort. They do not happen overnight. But at moments such as these, when we are dealing with such a big issue, we should think back to our predecessors, when our predecessors in Congress saw rivers on fire from pollution or contaminated water that made us sick or filthy air that filled our lungs, and magnificent creatures such as the bald eagle close to extinction, Congress acted. We were not afraid. We were not afraid. We stepped to the plate and said: This is America, and our ingenuity can resolve these questions. We could have walked away. They could have walked away. But they did not walk away.

Now we are going to find out who is going to walk away from this and who is going to step to the plate. I think it is that important. The American people deserve to know who is willing to step to the plate.

Now, look, every bill means we have to compromise. Lord knows. I am looking at my friend, Senator Warner, and smiling because I am thinking of the many times he said to me: Senator, I do not think I can go there with you.

Then he wanted something, and I said: Senator, I do not think I can go there with you. But we met halfway here. We met halfway. That is what we need to do in the Senate.

I wish to say that my colleagues in the Senate, including Senator Webb, who is sitting in the chair, have allowed me into their lives, into their offices. We have talked for hours. I have heard their concerns. They have raised questions. In many cases, they have led us in a good direction to be stronger.

For example, in the case of Senator Webb, he had many concerns. One of them happened to be what about the countries we trade with, are not they going to have an advantage? I cited the Bingaman-Specter bill again and said: We took something good from that bill. We took that part of Senator Specter that deals with saying, if countries come and want to bring in a lot of products into our Nation, and their countries are not doing anything about this, they are going to have buy allowances; they are going to have to do their part.

These are the kinds of things we hope to strengthen in this bill. Look, we have clear evidence, evidence that greenhouse gas pollution will cause our planet to heat up well beyond what is safe. We have to act. I do not want to do more than is necessary; I do not want to do less than is necessary. I am trying to find that ``just right'' spot.

I do agree with Senator Warner that because we are looking out into the future, we have to give the Presidents now and in the future the ability to say: Let's take another look. We also have to continue to look to the scientists. Therefore, in our bill we say, the scientists should submit a report every few years. We need to see if we are doing too little or is it just right and adjust to it.

I think I mentioned this before. Senator Reid deserves a lot of credit for bringing this bill forward. We have wasted time. Look, I blame myself. I blame myself. I did not grab the reins of this thing early enough in my career.

I have to say, Senator Lieberman did. Senator McCain raised the issue early on. I had some problems with their approach, and I did not engage. I admit this. This is the hardest thing for anyone to admit, for a Senator to say: I was wrong. I was wrong. I did not get it.

I have to give Al Gore and all the people who came before the committee when I got the gavel a year ago, a year and a half by now-- and we said: You know, we are going to look at this thing. I did not have all the answers then. I had a lot of questions. We had the world's leading scientists, we had religious leaders, we had State leaders, we had Republicans, we had Democrats, we had businesses, we had mayors.

We had 25 full-blown hearings on this. Plus we had lunches and we had dinners where we invited in the scientists, the experts, people from Europe who have taken the lead, to ask them questions.

They made a lot of mistakes in the beginning. We were nervous about that. I remember one of the first times Senators Lieberman and Warner and I spoke was, we have to make sure that whatever bill we work on does not give rise to speculation and get-rich-quick schemes.

So we have been very careful to learn from the mistakes Europe has made. But when you cut it all up and you look at Great Britain, for example, a very small country compared to us, they have cut back carbon by 15 percent. In the same time, they have raised their gross domestic product by 45 percent. They have created 500,000 new jobs.

You do not have to go that far. Go to my State of California. We are in a terrible mess right now because of the housing crisis. We have so much of the foreclosure problem. We have a recession in housing and in construction. I was told unequivocally that because of

our global warming legislation we have there, 450 new solar businesses--and I am not even looking at nuclear and I am not looking at wind, I am looking at solar--450 companies have formed.

They are hiring many of the workers who are losing their jobs in the construction industry. So there are ways to do it that are wrong. There are ways to do it that are right. Now, today, you will hear from those who wish to kill this bill, kill it, kill it as dead as they can. They say it is too complicated, that we should do nothing and we should continue the status quo.

Well, the status quo is devastating, my friends. The scientists have told us that. The price of gas is off the charts. My friend, Senator Lieberman, made this point beautifully at a press conference we had. The whole point of the bill is to get us off oil, is to unleash the genius of America so there are investments in alternatives, alternative fuel cars that get better fuel efficiency.

I will tell you this, knowing what I know from California, it is going to have a positive and beneficial effect; whereas, if we turn away out of fear, out of fear mongering, out of scare tactics, out of saying global warming is a hoax, it does not exist, look at scientist X, look at scientist Y.

You will hear it all on this floor. You will hear it all on this floor. But I remind you, there were people who said the world was flat, even when everyone knew it was not. There were people who said cigarettes did not cause cancer, when the rest of us knew they did. There are still people who say HIV does not cause AIDS. They are wrong. I can go on.

Oh, airbags, they will not save lives. Wrong. When you stand on the Senate floor, whether you are a Democrat or Republican, an Independent, whether you are short or tall or medium, whenever you challenge the status quo, watch out, folks, because the slings and arrows are going to be at your back, at your front, at your side.

I am ready. Why am I ready? I am ready because we have unbelievable bipartisanship on this bill. The quality of this partnership runs deep. Lieberman and Warner, Lieberman and Warner.

Mr. President, how much time do I have remaining?

Thank you very much. The bipartnership on this runs deep. I have mentioned Senators Lieberman and Warner. Every member of my committee on the Democratic side and even some on the Republican side who did not like the bill contributed to the debate. Colleagues all over the Senate helped us.

The Energy Committee helped us. I will tell you, I went into member's offices, and I got great ideas from many offices. I mentioned Senator Gregg gave me a great idea. He does not like this bill because he wants to give all the money back. He does not want to invest any of the money, but he gave me a great idea on the tax cut. We had Senators Cantwell and Murray point out the importance of hydropower and how we could address that.

I could name colleague after colleague. Senator John Warner, who will be here for a lot of this debate, is a magnificent voice on this subject. I put him in the category of Al Gore on this subject. He knows what he is talking about. He helped so much without any credit. He put together business meetings, he put together dinners. He had people come over. We studied together. We studied with scientists. It was like going to school.

Senator Kerry, Senator Casey. And I could go on with other colleagues. The fact is, I am not fearful of what is going to come at us starting soon because we have the facts on our side. We have a deep well of support from colleagues who know their stuff. There are 11 National Academies of Science that concluded climate change is real. The Nobel Prize-winning Intergovernmental Committee on Climate Change: Global warming is unequivocal. Human health impacts, children and the elderly vulnerable. I have lots of other information which I do not have the time to do.

I mentioned national security. National security. A report by the Center for Naval Analysis found that the United States could more frequently be drawn into situations of conflict to help provide stability before conditions worsen and are exploited by extremists. This is what Senator Warner said so wisely.

So in summing up at this point, I urge my colleagues to vote yes to proceed. I do not know whether there is going to be a deliberate effort to try to stop us on this motion to proceed because I have not been informed. I can only say to colleagues: Do not be fearful because you have nothing to be fearful about.

I will tell you what there is to be fearful about: doing nothing, saying no, turning your back on the scientists, on the religious leaders who are with us, on the mayors, the Governors, on so many supporters who understand this. That would be dangerous because gas prices are shooting up to the sky. If we do not get off oil, that is our future.

With that bill, that is not our future. So if you want to be afraid, and that is your motive, to be afraid, you want to be afraid, vote no. If you want to start to address energy independence, clean energy, if you want to address the threats science says we face, vote yes on the motion to proceed. Let's get down to this and have a great debate in the Senate tradition. Because this issue definitely deserves to have that kind of debate.

Mr. President, I think I can resolve this. If my colleagues will wait a minute, can you tell me how much time remains on our side after Senator Lieberman finishes?

I think he got some time from Senator Inhofe.

Senator Inhofe said he is speaking on his time, which is fine either way. But I am trying to find out how much time remains.

May I give 2 minutes to Senator Cardin following Senator Lieberman and the remainder of the time to Senator Warner?

Is that all right with the Senator?

So it is 10 and 10.

After we hear from Senators Specter and Inhofe.

Mr. President, I ask unanimous consent to read this e- mail and then to add 2 minutes to Senator Warner's time.

This is the statement of Dr. Allan Freidman, who is Senator Kennedy's surgeon:

I am pleased to report that Senator Kennedy's surgery was

successful and accomplished our goals. Senator Kennedy was

awake during the resection, and should therefore experience

no permanent neurological effects from the surgery. The

surgery lasted roughly three and a half hours and is just the

first step in Senator Kennedy's treatment plan. After a brief

recuperation, he will begin targeted radiation at

Massachusetts General Hospital and chemotherapy treatment. I

hope that everyone will join us in praying for Senator

Kennedy to have an uneventful and robust recovery.

Mr. President, I share that with all of our colleagues. I think we should take just 10 seconds to think about the Kennedy family and pray for them--just 10 seconds.

Thank you so much.

I thank the, Senator from Virginia.

Madam President, how much time remains on either side?

I yield 5 minutes to Senator Klobuchar, a wonderful member of our committee and, by the way, author of the carbon registry portion of the bill.

I thank my colleague. Today we are going to vote on whether we want to continue the status quo when it comes to energy policy and when it comes to ignoring the great threat to our planet that scientists tell us is very serious.

Now, we can vote no, we can weaken this bill. It seems to me that is every Senator's right. But, frankly, this Senator and I know my colleagues who have worked so hard on this bill, Senators Lieberman and Warner, feel deep in our heart that this is a moment for us to come across party lines as we go back and remember we have tripartisan legislation, a Democrat, an Independent, and a Republican.

Again, we did not agree with each other on every detail. Lord knows we did not. But for the good of this country, for the good of the world, for the good of future generations, we came together.

I ask the Chair to let me know when there is 4 minutes remaining so it can be equally divided by these wonderful cosponsors. Would the Chair let me know when 4 minutes remains.

Let me take this little time I have to say I do not mind debating on the facts of our bill. But I have heard so much fiction that I had to go over to both Senators Warner and Lieberman and say: Did I hear them right? First of all, they are using numbers that are coming out of the air by groups that oppose our bill, that have no validity, that are not based on any modeling.

We have numbers based on modeling. Then I hear now the new thing. My dear friend Senator Inhofe--we are dear friends--says the Boxer tax bill. There is no tax in this bill. This bill is modeled on the acid rain bill, I say to my friend.

Polluters pay. This bill has one of the largest tax cuts in it that we have seen around this place in a very long time. It has a big piece of consumer relief. So I say to my friends, do not get up here and say: Boxer tax bill. Point to where there is a tax in this bill. There is no tax. I will point to where there is a tax cut and a set-aside, a huge one, almost $1 trillion, and a huge pot of almost $1 trillion in consumer relief which will be given, if necessary, to consumers if the cost of the electricity goes up.

So here we have a bill that takes care of our consumers, takes care of our taxpayers. Then we hear from Senator Domenici and Senator Bond: Oh, we cannot do this bill because oil prices, gas prices at the pump are going to go up.

They put out a number that they pull out of the air. The modeling shows, worst-case scenario, worst case, gas prices would go up 2 cents a gallon per year until 2030. By the way, the modeling that Senator Lieberman has shows that the automobile fuel economy bill we passed will negate all that.

So this bill will bring no higher cost at the pump to our drivers. But let's look at what has happened under the last 7 years. Here is the status quo, folks. We have all lived it; now let's look at it. Gasoline prices have gone up 250 percent in the last 7 years. The source: U.S. Energy Information Administration. That is this administration's own energy department.

So without a global warming bill or a climate change bill, call it what you will, we have seen a 250-percent increase in the price of gas. What we do in our bill will get us off foreign oil, will get us off big oil, will lead to new technologies which will free us, will free us from these prices.

So those people who say: Do not vote for this bill because it is going to raise gas prices, only in a humpty-dumpty world, where you are over on your head could you come out with that. It makes no sense.

Let me show you the job growth that people are telling us we can expect from the Boxer-Lieberman-Warner bill. First of all, look at Great Britain. They have reduced their greenhouse gas emissions by 15 percent. They have grown their economy by 40 percent, and they have 500,000 jobs in the last 5 years in these new green technologies.

A report by the Apollo Alliance--that is a beautiful organization here in America--says this bill could create over 3 million new American jobs over a 10-year period, stimulating $1.4 trillion in new gross domestic product and producing over $280 billion in net energy savings.

We are going to get off foreign oil. I do not want to see a President have to run over to Saudi Arabia and hold hands with the Prince anymore. I am tired of that. It has to be the end of the status quo. This is an opportunity to do it.

Let's take a look. Job growth will follow strong legislation. In California--I mentioned this before--450 solar companies are now putting electricians and carpenters and plumbers to work where the construction industry is laying them off because of the housing crisis we are facing.

The top manufacturing States for solar are Ohio, Michigan, California, Tennessee, and Massachusetts. That comes from Solar Energy Industries. So we already are seeing it. Here is the labor support for the Climate Security Act. The Sheet Metal Workers, the Journeymen and Apprentices of Plumbing and Pipefitting, the United Union of Roofers, the International Brotherhood of Electrical Workers, the International Brotherhood of Teamsters, the International Association of Heat and Frost Insulators. And it goes on. The Building and Construction Trades Department of the AFL-CIO, the International Union of Operating Engineers, the brick layers, the elevator constructors. Why are they supporting this bill? These are the workers that my colleagues on the other side are scaring.

They are smart, they read the bill. They understand the many billions of dollars that are going to go into new technologies. And these technologies will heat our homes and they will cool our homes and they will run our cars and they will run our businesses.

The green jobs that will come are going to be jobs that can only be filled in America. Time is of the essence. Time is of the essence. Sir Nicholas Stern, former chief economist of the World Bank, found that by spending $1 now to address global warming we will save $5.

We know we cannot afford to wait. The time is now. People say: Why are you doing it before a Presidential election? Why this? Why that? This is above politics. This is above partisanship. If somebody told you, if somebody told you that if you brought your child to the supermarket on a very warm day and say it was your grandchild, because I know you are a proud grandma, and you said: Well, I have to run in there just for a minute, can I leave my child alone? Well, obviously you would never do it. The fact is, we would not lock our child in our hot car in front of a supermarket.

We cannot consign the next generation to a hot planet that is going to be inhospitable to our grandkids. We cannot do it. It is wrong. That is why we find Tony Blair saying: America must lead. He says the legislation sponsored by myself, Joe, and John matters. It shows America will act. It will allow the United States to say to others: You must act. We are not going to sit around and wait for India and China. Since when do we do that? This is America.

I wish to go to the faith community. I think people ought to understand who is backing our bill. I see the Senator from North Dakota, who has been weighing this very strongly. The Evangelical Environmental Network and the Evangelical Climate Initiative, the U.S. Conference of Catholic Bishops, the National Council of Churches, the Religious Action Center of Reform Judaism, the Jewish Council for Public Affairs, the Interfaith Power and Light Campaign.

Let me close by saying why. All you have to do is read, read from the Scriptures, read from some of the great writings:

See my handiwork, how beautiful and choice they are. Be

careful not to ruin and destroy my world, for if you do ruin

it, there is no one to repair it after you.

This is, it seems to me, the moral reason we must act. I thank you very much. I yield 2 minutes to the Senator from Connecticut and the remainder of the time to Senator Warner.

Mr. President, I do not see the ranking member on the floor, but I do see Senator McConnell here. So if I could get Senator McConnell's attention for a brief moment.

I understand from my colleagues on the other side that they do not intend to filibuster. So I would inquire, based on the vote we have just had, can we now agree that following morning business tomorrow we can begin consideration of the legislation?

I ask unanimous consent that following morning business on Tuesday, June 3, all postcloture time be yielded back, the motion to proceed be agreed to, and the Senate then proceed to the consideration of S. 3036.

Mr. President, I wonder if I modified my request to provide that following the official Senate photograph on Tuesday, all postcloture time be yielded back, the motion to proceed be agreed to, and the Senate proceed to S. 3036.

Mr. President, let me say, I am a little disappointed. First, I thank my colleagues from the bottom of my heart, and I know Senator Lieberman and Senator Warner are very gratified by this vote. We are going to move forward. We are challenging the status quo. We want to get us off foreign oil. We want to begin to move toward energy independence and a clean and healthy environment and green jobs and all the rest. So this is a great start.

But I am a little disappointed we cannot move to begin the real debate which comes, obviously, after cloture on the motion to proceed. I am sorry that is the case. But I say to my colleagues here, on both sides, we look forward to a very important debate on this legislation. This is a matter that is bigger than any one of us here. I think the fact that you have a Democrat, an Independent, and a Republican bringing you this legislation speaks to this issue. I think this is an issue that has to leap over those differences.

I hope we can all show up tomorrow. Since we are going to have this time--I am disappointed we cannot get to the amendment process, but we will take advantage of the time. I know Senator Kerry will be here in the morning. He is a national leader on this issue, and I intend to yield as much time as he would want. I hope Senator Feinstein will come tomorrow. Looking around, Senator Cantwell, Senator Klobuchar, and Senator Lincoln have all played such a major role in the part that dealt with making sure our consumers who are in need get help. Senator Collins just went on the bill. We have a great number of people here whose voices need to be heard, so I look forward to that debate tomorrow.

I yield the floor.

Mr. President, I can't let that go by. I mean, we are ready to start the amendment process now. We are ready to start work on this bill now. There is no reason to wait 30 hours. I think colleagues in the course of offering amendments can speak for as much time as they want. It is disappointing to hear that we do have to delay. We are ready, willing, and able to get to the amendment process.

I yield the floor.

Mr. President, I ask unanimous consent that the order for the quorum call be rescinded.

Mr. President, I thought it would be a good time to thank you, since you are here in the chair today, for all of your hard work on this bill. This has been a long time in coming. When you got on the committee, when you came as a new colleague, you worked so hard. You and Amy Klobuchar and Ben Cardin and Bernie Sanders, all new Members, became my right arm on this issue.

I wanted to make that note. Also, I want to say specifically that the Senator's work on the wildlife and enforcement sections, to name two, I think is really important because we are going to push hard to make this bill the law of the land right now. If we don't achieve that, eventually we will have a bill that will be the law of the land. The Senator's work will be present in all of those iterations going forward. So I thank the Senator.

Mr. President, I am waiting for the closing script, and I will do that when it arrives. I was taken by the Senator from Tennessee, Mr. Corker, who has been a very interesting member in terms of this issue. He went with our committee to Greenland and saw the ice melt. I have to say to those who haven't been, it ought to be required if you really care about this issue. It is extraordinary. You can actually sit and watch the ice move and melt--the ice up there in Greenland. The average age of these enormous icebergs is 9,000 years.

Mr. President, from the minute that ice starts moving, it is a year until these enormously beautiful icebergs melt to nothing, leaving the sea to rise as they melt. Senator Corker was very taken by that. He will speak for himself, but he has problems with this bill. I don't agree with him in the way he is interpreting the bill, but that is all going to come out. He talked about the importance of debating. I have to smile because today we had to debate, and we should not have to debate a motion to proceed. That is ridiculous. We should just proceed. We had a 74-to-14 vote to move to the first step.

Let's get to the bill. I have never seen a situation where you force more debate time when you really are interested in doing a bill. You usually force debate time when you are interested in slowing down the bill. This is the way it is here. If you want to move forward, then you don't say: I need 30 hours.

It will be interesting to see what happens tomorrow. As Senator Reid said, I will be on the floor of the Senate all day. I encourage my colleagues--particularly those who worked hard on the bill--to join me. Let's see how many from the opposing side come over here. We need to debate them and refute them because already, I say to my friend from Rhode Island, we had charts on this floor that you would not believe. We had charts that had numbers that were out of the air, predicting a 140-percent increase in gasoline, when I can tell you right now, we looked at every model, and it is nothing like that.

As a matter of fact, we know the slight increase in the cost of gasoline that could occur--2 cents a year--from the impact of the bill will be entirely offset by the energy efficiency bill we just voted for and is now the law.

What we know is that this bill is going to get us off foreign oil, move us away from the status quo. Go out on the street and ask the average American: Are you happy with big oil, the record profits for them and their executives, and we are getting killed at the pumps? They will say: No--unless they are related to one of them.

If you say: Do you think it makes us look good when President Bush goes to the Middle East and kisses dictators and holds their hand and begs for oil? Does that make America look strong? They will say: No.

Next, if you ask them: Would you support legislation that will lead us to energy independence once and for all--and, by the way, we will clean up our environment, the greenhouse gas pollution, and we will save the planet? They will say: Yes.

So our opponents have a very tough job. They have to fight for the status quo. I can say from their presentations today--and they worked hard on them, believe me--in order to fight our bill, they have to distort it. One of them said it is a tax increase. There is no tax increase in this bill. There is a huge tax relief fund for tax cuts in this bill. There is another almost $1 trillion in a fund to give consumers relief.

If today was any indication, we are going to have a spirited debate. I only ask my colleagues to debate the bill that is on the Senate floor, not one that came to them from some special interest groups that oppose this and don't want us to go to energy independence.

I wish to read from a statement from former Vice President Al Gore. Since Senator Corker is from Tennessee. I thought it would be interesting to put his statement in the Record:

I want to commend Senator Boxer for her leadership of the

Environment and Public Works Committee. We have the first

global warming bill in history that is comprehensive,

bipartisan, and that enjoys support across the country, from

labor and agriculture, to the business and the environmental

community.

Then he says he wants the bill to be stronger, but then he says it is vital that Congress begins to act.

I think this last line is so important:

While it is important that people change their light bulbs,

it is even more important that we change the laws.

I think that says it all. We are so late to this issue. We are so late. My Governor, a Republican, and my State legislature, Democratic, crossed party lines and passed laws. We now have just in the last year or so hundreds of new solar energy companies that have moved into the State, and they are hiring people who are hurting because of the crisis we have in the housing and construction business. So we believe a P- 32--they have told us this--the bill leading the way in the country, is restoring economic renaissance to our State which otherwise is hurting very badly because of the recession we are all experiencing. We owe this to our grandkids, to our kids. We know the Conference of Mayors has acted, so have the State legislatures, along with Governors reaching across party lines, city councils, and boards of supervisors. Companies are saying we should do this. Labor unions are saying we should do this. Environmental and religious groups are saying we should do this. So there is no question that we need to act.

When somebody gets up on the other side and says they are not slowing it down, but they are going to require 30 hours of extra debate before we get to amending this bill, excuse me, but I have been here long enough to know they are trying to slow-walk this bill. The other side is slow-walking it.

I want them to read the scientific records, listen to the religious leaders, and listen to the venture capitalists coming forward and saying we need a signal now. Listen to Tony Blair,

George Bush's best friend internationally, saying we must act because America is pivotal. So we have our time tomorrow, after we wait here for people to come and talk, and at some point maybe they will give us permission to start the amendment process.

Our children want us to act. I have to tell you that one of the great moments was when Senator Warner came to me and said: My daughters really care about this issue. I knew if they were talking to him, he might be open to this issue. He saved the day in committee. He is a man who has such a great legacy already. He didn't have to do one more piece of legislation. He has his place in history on national security. He understood that global warming is a national security issue. Our Navy intelligence officials tell us that, and we will have some quotes tomorrow.

This is a win-win bill for national security, for our kids. It is a win for clean air, and it is a win for our consumers and for our workers and our businesses. Anything to the contrary--I believe this so much--is just scare tactics.

Mr. President, what I would like to do, we do have it locked in right now in terms of a UC. It would be Senator Specter next for 5 minutes, me for 25 minutes, and Senator Lieberman for 20 minutes.

I will be managing the time in opposition. The time that has been requested from me is for Senator Bond to follow Senator Lieberman. Then I am sure you would be on there.

He is our time.

Mr. President, I am going to have an opening statement. Let me say that my good friend Senator Boxer and I, the last time we had a major bill on the floor, were in agreement with each other having to do with the Water Resources Development Act and, prior to that, transportation reauthorization. On this, we very much disagree. She has every right to be wrong. I wish to also mention, since she commented about the possibility that the cloture vote might be tough, I don't think it will be because there are a lot of people who very much oppose this legislation who are going to vote for cloture, including some of the leadership on our side that is opposed to this bill. Although the vast majority of the scientists do not believe that manmade anthropogenic gases, CO2, methane, are a major contributor to climate change, that is not a part of the debate of the Lieberman- Warner bill. If it were, it would take a lot more time than we will be able to devote. So we are not going to discuss that. That is for another day. As we begin the debate today, the climate legislation, I want to make a few points.

First, I wish to discuss what we as Republicans stand for, then talk briefly about the process of how we got to the debate and how we got the debate on the floor today, then, finally, discuss how we wish to see the floor debate progress over the coming days or perhaps the coming weeks, as some believe it might be.

First and foremost, we, as Republicans, believe any legislation that attempts to address climate change must protect American families and must protect U.S. workers. It has to maintain global fairness and, finally, offer clean energy solutions. Unfortunately, this bill, the Climate Security Act of 2008, which, it is my understanding, is what it is called now since this has been an amendment or a substitute that we are considering, fails on all of these counts.

We believe any climate legislation must offer clean energy solutions. Substantial investment must be made in new clean energy technologies which would generate more energy efficiently by producing less carbon without the Government picking winners and losers. It makes good business sense to produce energy more efficiently, and American companies are at the forefront of developing these new technologies. We support investments in solar, wind, hydro, geothermal, and other innovative technologies, but we must be careful not to interfere in the free market system or we might stifle new innovations. Any approach that addresses climate change must incorporate more emission-free nuclear power. We are on the verge of a nuclear renaissance in this country, and it is key to our long-term domestic energy independence. We have to address the remaining issues that hinder the construction of new nuclear plants such as loan guarantees, waste, and regulatory certainty. Senator Domenici, the greatest champion the nuclear industry has ever had, is retiring at the end of this year. I can think of no greater honor to him than to make his renaissance a reality, the renaissance of nuclear energy.

Coal is our most abundant energy source. It must be a part of any solution. We must invest in clean coal technologies in order to increase our energy security. While we are continuing to explore carbon capture and storage, we cannot hold the future use of coal hostage to this one technological feat. Senator Byrd has been a tireless advocate for greater use of coal, and I know Senator Voinovich and Senator Barrasso on the committee have been championing its use.

We need to promote natural gas. Increasing supplies of natural gas are needed in order to compensate for fuel switching which could harm America's industrial base and export jobs. We know that fuel switching is taking place right now. We have an almost limitless supply of natural gas available, and we have proven we can develop this important resource in an environmentally friendly way. I wish to see us build upon Senator Warner's past work and open up more of the offshore resources which would be absolutely necessary for us to capture this natural gas.

We must seriously consider how climate legislation will impact economic competitiveness. Emissions are a global issue which should be addressed globally, not unilaterally. All major emitting countries, including developing nations, must participate in order for any U.S. program to produce meaningful reductions in atmospheric concentrations of greenhouse gases. Today China emits more carbon dioxide than we do. That divide is only going to grow because 2 years ago we produced more than they did. China is increasing their number of coal-fired generating plants by two each week. The Kyoto treaty expires next year, and any future treaties should include developing nations. Any action has to provide real protections for the American economy and jobs. American jobs should not go overseas where environmental laws are less strict and emissions increase. If the United States were to act unilaterally, manufacturing facilities will go overseas, because they have to go where the energy is. We know that. That is where the energy regulations or emission regulations are more lax. This will result in more emissions at the industrial source and more emissions in transporting products back to the United States.

Let me repeat that. In the event we acted unilaterally and we had a cap-and-trade system that ended up reducing emissions of CO2, then companies that would be the losers in this program would merely move to China or India or down to Mexico. There they don't have any emission requirements. So it would actually have the effect of increasing the amount of CO2 in the atmosphere. Any action has to provide real protections for the American economy and jobs. We must protect American families. Any action should not raise the cost of gasoline or energy to American families, particularly for the low income and elderly who are most susceptible to energy costs. Those who make $20,000 a year spend one-third or more of their income on energy. We can't turn our back on less fortunate people. We have to carefully consider the policy tools used to enact any climate legislation. Any solution must not include slush funds controlled by Federal bureaucracies used to reward political friends. The climate solution should not require an overhaul of our economy, and those decisions should not be made by nameless bureaucrats rewarding friends or pet projects.

Senator Corker has examined this legislation carefully and has outlined over 45 new programs created by this bill. As the Wall Street Journal said last week:

This bill would impose the most extensive government

reorganization of the American economy since the 1930s.

We can't afford any tax increases either directly or indirectly. We must recognize that true innovation comes from the private sector. This bill will raise over $6.7 trillion from carbon sales and auctions primarily coming from consumers. In other words, consumers are going to be paying the $6.7 trillion. But it does direct $2.45 trillion back to consumers. So if all the transition assistance funding goes directly to consumers without the businesses or States keeping any of the funds to run their transition programs, which they are allowed to do, this means that over $4.2 trillion will be used to fund new government programs. The Senator from California referred twice in her opening remarks to Senator Gregg, complimenting him, saying he believes the only difference between the two of them is he wishes to send this back to the taxpayers rather than to have $4.2 trillion of new bureaucracies in this country. I agree with that. Any solution has to be national in scope without States or regions imposing duplicative or additional requirements on top of a Federal system. It will be impossible for American industry to remain competitive if different regions or States have additional climate programs on top of a Federal program.

Finally, any national program must contain a transparent, effective cost-control mechanism to avoid harm to the economy and job losses. There are many ideas out there which might work, including ideas from Senators Bingaman and Specter. Senator Specter just spoke. Simply borrowing credits from future years will only create a larger problem later on.

How we got here: Unfortunately, the bill we are discussing today violates all of these principles. It ignores the needs of American families. It jeopardizes the jobs of American workers. It does not

offer a global solution and, in fact, will increase global emissions. It does not promote good, clean energy solutions and, in fact, will make us even more dependent upon foreign sources of energy.

One of the chief problems with this legislation is that it was hastily considered by the Environment and Public Works Committee without the benefit of the appropriate legislative process, and a new version is now being considered on the Senate floor that we have had no hearings on whatsoever.

The chairman of the Environment Committee has stated--and you are going to hear again and again today and in the next few days and maybe the next few weeks--that the committee held over 20 hearings last year before proceeding to a substitute and a full committee markup. However, you must take a look at the type of hearings we held. Most of the hearings examined the potential impact of climate change 50 years in the future. My favorite example is a hearing held on May 24 last year: ``The Issue of the Potential Impacts of Global Warming on Recreation and the Recreation Industry.'' That was the name of the hearing. The apparent point of this hearing was to show that if there is no snow in 50 years, the skiing industry might suffer. Well, I think that is probably a reasonable statement, and I think it would. But the thing is, that did not really address a cap-and-trade system that we needed to study before coming to the floor.

Unfortunately, the list of issues unaddressed by this committee is longer than the actual list of hearings the chairman did hold. These topics, which were never explored by the committee prior to crafting the legislation, include how to draft a cap-and-trade system--how do you do it--how to allocate credits; how to design an auction system; how many credits to assign each industrial sector; how to structure the Carbon Market Efficiency Board; how to create a domestic offset program; what to do with international offsets; what the impacts would be on fuel switching; whether carbon capture and storage technologies will be available by 2030; whether the number of nuclear powerplants can be built in time to provide the necessary electricity; how the impact on the natural gas supply will affect other industries; how many jobs will be sent overseas; how much worldwide emissions will increase when U.S. jobs will be sent overseas; what the international provisions' impacts will be on trade and particularly exports; how to effectively contain costs through a transparent mechanism. The list goes on and on and on.

Contrast this committee process with the process currently underway in the House Committee on Energy and Commerce. Chairman Dingell's committee, which has jurisdiction over climate change and environmental issues in the House, is pursuing the issue under a much more methodical and deliberative process, as any legislation of this magnitude demands. Acknowledging the complexity of the issues surrounding any mandatory greenhouse gas reduction policy, the committee has held a series of hearings and has released several white papers. The topics have included the fundamental aspects of greenhouse gas cap-and-trade policy, including the point of regulation and the benefits of auction versus allocation schemes; the interaction of climate change policy with other environmental laws such as the Clean Air Act, the Endangered Species Act, and the National Environmental Policy Act; State and Federal preemption issues; international competitiveness and how to engage the developing world; and technology barriers. These are only threshold issues, as each one lends itself to further examination. Now, that is what has been done over in the House of Representatives in Chairman Dingell's committee, and he has made a lot of progress over there, and there are some things we should pay attention to. In fact, we plan to be using some of that on the floor here.

While the subcommittee did hold one legislative hearing prior to the markup and the full committee held three such hearings over a 2-week period before the full committee markup, all these hearings were held without the benefit of any economic or environmental analysis. The committee members had no idea what the impacts of this legislation would be when we considered the bill in December. We offered a number of amendments to protect workers, families, and to try to keep a check on energy prices. Almost all of them were defeated. But we were promised that our issues would be addressed before the bill reached the Senate floor. Well, that was last December.

On May 20, less than 2 weeks ago, the committee bill and report were finally filed after a more than 5-month delay. For a bill of this magnitude--and I remind my colleagues how the Wall Street Journal characterized it--I will repeat again--``this bill would impose the most extensive government reorganization of the American economy since the 1930s''--only allowing Senators to review the report for less than 2 weeks is highly troubling.

Even more troubling is that the same week, we all saw for the first time two more versions of the same bill. Later on May 20 a new version of the bill with a never before seen amendment was filed and held at the desk as a new bill, S. 3036, which is actually the version we will be voting on this evening.

Then finally, on Friday, May 23, a managers' substitute which completely rewrote the legislation was circulated to Members. I can only assume that once cloture is invoked--and it will be invoked--and we begin debating this bill, the substitute will be offered, which, of course, is something that has never been the subject of hearings, economic analysis, or an environmental benefits test.

Since the markup last December, we have had numerous economic modeling and analysis conducted by the EPA, the Energy Information Agency, and multiple private sector analyses. Unfortunately, the committee of jurisdiction, the Environment and Public Works Committee, never bothered to hold a single hearing on any of these economic reports.

I would like to point out that the Senate Energy and Natural Resources Committee held an economic hearing on our bill 2 weeks ago, and I applaud Chairman Bingaman for holding that important hearing. I will be quoting from that hearing from the Energy and Natural Resources Committee several times during the course of this debate.

So where are we today? We spent months holding impact hearings and then rushed through a few quickly scheduled legislative hearings and held a markup without any analysis of the bill. We then waited over 5 months before receiving yet two more drafts of the bill--the last version a mere 10 days ago. The Senate is now being asked to vote for cloture on a motion to proceed to a bill that was released 2 weeks ago.

Although I believe we really need to debate these issues on the Senate floor--and many of the Members who oppose the Lieberman-Warner bill are voting to proceed to it--I find it most difficult to vote to proceed to the largest tax increase in the history of America. The mechanics of this bill, the impacts, and the costs have never been fully debated, and they deserve to be. Proponents of this legislation have talked about how important this bill is and why we need to act. I believe this warrants a full debate.

In 1990, the Senate spent over 5 weeks debating the Clean Air Act amendments. I was serving in the House at that time. It went on and on and on. This bill goes much further than the Clean Air Act amendments in its impact on the American economy and jobs and our international competitiveness. It will do more to direct our energy policy for the next 50 years than either the Energy bill of 2007 or the Energy bill of 2005 combined. I hope the majority intends to provide enough time to fully debate this legislation and does not plan to rush it on and off the floor in an attempt to check a box.

Over the next few days, you will see a number of Republican amendments, which I believe will get bipartisan support, which will attempt to protect our workers, our families, our international competitiveness, and will promote clean energy solutions.

There have been many comments in the press, particularly from the chairman of the committee, that this bill will be pulled if any so- called weakening amendments are adopted. I hope we will have a constructive and open debate on this bill. There will be many amendments offered and, I hope, debated and voted upon.

This bill is the largest bill we will consider this Congress. In fact, it is probably the largest bill ever considered by the Senate in its impact on the economy and our entire way of life, and I hope the majority will give it the time it deserves.

But 2 weeks from now or whenever that vote does take place--keep in mind, tonight's vote at 5:30 is only a cloture vote on a motion to proceed. It is a procedural vote. It allows us to limit debate on the motion to proceed to the bill. But whenever the real vote comes or however long it takes to reach the final vote, it will be both interesting and informative to see how many Members of the Senate vote for the largest tax increase in the history of America.

Now, we will be talking about a number of things during the course of this debate. Some of this will be tonight, some of it will be over the next few days. We are anxious to do that. For our purposes today, we will be allocating time, and I would like to announce that after the time that is already under a unanimous consent agreement to go to Senators Lieberman and Warner, we will start going back and forth. I will be controlling the time for those who oppose the bill, and Senator Boxer or Senator Lieberman will be handling the time for those who support it.

I yield the floor.

Mr. President, that is all right so long as the allocation of time does not punish us.

I also ask unanimous consent to lock in, after your presentation, Senator Bond for 15 minutes.

Madam President, Senator Domenici is on his way, and I want to yield some time to him. He has been a real hero in our pursuing one of the forms we are going to have to have if we are ever going to run this great machine called America, and that is nuclear energy.

I was glad to hear the comments made by the Senator from Virginia who had complimentary things to say about nuclear energy and what is necessary if we are going to be able to continue to do this.

Before the Senator from Missouri leaves, he was referring to a chart that showed the increase in the price of gasoline. I don't know whether he still has that chart or if he has it in his notes. The Senator from Missouri went over it so fast. To me that is the focal point, at least in my State of Oklahoma.

One hundred forty percent.

Madam President, I ask the Senator from Missouri also to comment on the predictions as to what it would cost to the average household. In my presentation--and the Senator was in our caucus when we had a meeting--I had one chart that showed the United States. It showed how much it would cost an average household. My State, Oklahoma, and Texas were the largest hit. The increase for each family would be $3,300. Missouri was in the next tier down, which I think was around $2,800. That is something I think is very significant.

I suggest to my friend from Missouri that I am sure Missouri

is not that different from Oklahoma and it is the major concern people have. That is all, when I go around the State, people are talking about now.

Many different economic studies show gasoline prices rising significantly under this bill. Madam President, $1.50 is just an estimated range. One of the Government EPA studies shows gasoline prices going up by $1.40. Another independent agency study, the independent Energy Information Administration, predicts it will go up by 41 cents a gallon to $1 a gallon by 2030.

As gasoline prices continue to rise and set new record highs every day, this bill would only keep prices rising. The Energy Information Administration study predicts that gasoline prices will increase anywhere from 41 cents per gallon to $1 per gallon by 2030.

We are waiting for a Senator. How much more time on the opposing side do we have at this point?

That will be fine on the time on the other side.

No.

I am talking about by 2020 and some of the figures used are by 2030. An article in The Hill, just the other day--of course, that was before we had our recess--said that the Senate debate after Memorial Day could add up to 50 cents to the price of a gallon of gasoline, according to the study. They didn't say the timeframe. That was one of the more objective groups.

Here is another one that talks about that. Investors Business Daily says the bill essentially limits how much gasoline and other fossil fuels Americans use.

Madam President, I yield to the Senator from New Mexico whatever time he consumes.

Before I do that, I say to my good friend from New Mexico that I commented earlier on his being a real champion for nuclear energy, and the recognition that we can't resolve the process we have without a very bold nuclear program. And I would say this: We have over 30 applications now in the process, of people saying what they want to do. So I look at this, as I characterized it a few minutes ago, as a nuclear renaissance that is taking place, largely due to the efforts of the Senator from New Mexico.

Madam President, let me ask how much time is remaining on the opposing side?

Madam President, I think it is the wish of the majority to have us use our time so Senator Boxer will have the remaining time, which is fine. I invite any Members who are around--I know several will want to speak tomorrow, but we do have time right now if they want to come down.

As I said in my opening remarks, this is not a discussion about science. That is something for another day. We have been talking about that now, the lack of science, for a number of years. I have to go back to then-Vice President Gore, who had a study done by a very prominent scientist--his name was Tom Wiggly. In this study, back when he was Vice President, he said: If we were to have all of the developed nations--not developing, not China, not Mexico, not India, but the developed nations--to sign on to, to ratify the Kyoto treaty and live by its emission requirements--of course they wouldn't do that anyway because the emission requirements are not complied with in some 15 Western European countries; only 2 are living within their emission requirements, but he said assuming all developed nations did sign on to Kyoto and live with the requirements, how much would it reduce the temperature in 50 years?

Do you know what his answer was after he did this massive study? Tom Wiggly, the scientist for Al Gore, said it would reduce the temperature by 7/100th of 1 degree Celsius. This is after all the economic pain.

I think what I might do is use a little of the time, if no other Members come down, to talk about how other people are looking at this. The Las Vegas Review Journal--I am hoping the leader of the Senate would be reading the Las Vegas Review Journal--said:

Consumers are already struggling with gasoline approaching

$5 a gallon and other utility costs that have been moving

steadily higher for the past few years. New mandates placed

on producers in the name of ``global warming'' will only make

matters worse.

That was an editorial in the Las Vegas Review Journal a few days ago.

From the State of Ohio, The Plain Dealer--I know we are going to have Senator Voinovich taking a very active part in this debate. He is another one of the leaders bringing us into a renaissance for nuclear energy in America, which is desperately needed. I have to say, as we approach hopefully the solution--not having anything to do with this bill, but the energy crisis in America--I agree we need all sources. Oklahoma is very busy right now and very effective in their research on biomass--cellulosic biomass. Both the University of Oklahoma and Oklahoma State University, the Noble Foundation, are very active. We want that. It is not here now. That is better, to me, than the ethanol mandates that merely use up the market for corn to the extent that my livestock people in Oklahoma are paying a lot more now for feedstock

than they did. You won't have to do it with feedstock in the future because you will be able to do it with biomass and other forms. When it gets down to what the solution is to the energy crisis, we do need to have all these in the future: Wind, solar, and all that, when the technology is here. But right now we are 53 percent dependent on coal for our ability to run this machine called America.

As the Senator from Virginia stated, we will have to have coal as well as nuclear energy. Clean coal technology is out there. We have to keep that going. A lot of people fear this bill is going to put an end to coal.

The one ingredient we have to have, of course, is natural gas. That performs well. A lot comes from my State of Oklahoma. But one thing that will be necessary to pursue in the future is nuclear energy. Right now some countries such as France are 80 percent dependent upon nuclear energy. We are down around 20 percent. That is an area where we can do something.

Up in Ohio, The Plain Dealer newspaper, in their editorial, said:

The bill, as conceived, will just bore new holes into an

already battered economy.

In Pittsburgh, the Pittsburgh Tribune-Review:

If there indeed is a second Great Depression to come, this

will be the government measure that guarantees it arrives

with a devastating gut punch.

That was an editorial called ``The Climate Security Act? Reject The Ignorami'' in the Pittsburgh Tribune-Review.

San Francisco Chronicle--this is kind of interesting--from the State of California:

The Senate debate on the climate bill probably will focus

on its impact on energy prices and the economy, which in the

short run could be considered significant.

The Associated Press recently said:

With gasoline at $4 a gallon and home heating and cooling

costs soaring, it is getting harder to sell a bill that would

transform the country's energy industries and--as critics

will argue--cause energy prices to rise even more.

The Wall Street Journal--there are a couple of them. I quoted already from the Wall Street Journal. This one was a few days ago.

This is easily the largest income redistribution scheme

since the income tax.

I think it is interesting when people realize what we are talking about here is redistributing the wealth from the people who are the poorest, very poorest people. A CBO report found recently, quoting from that report:

Most of the cost of meeting a cap on CO2

emissions would be borne by consumers who would face

persistently higher prices for products such as electricity

and gasoline. Those price increases would be regressive in

that poorer households would bear a larger burden relative to

their income than wealthier households.

We are going to hear from the chairman of the committee stating, I am sure, in the future: We are taking care of that because we are redistributing some of the $6.7 trillion, redistributing $800 billion of that to some of the poorer families.

Wait a minute, that is $1 out of $8. That is not a very good deal.

I think there are so many reports that talk about how devastating this is going to be to all of America but particularly those individuals, the elderly and poor people, because these are the ones who are spending a large portion of their spendable income on energy. It is very appropriate I think to say this is easily the largest income redistribution scheme since the income tax.

The New York Post:

The only thing that will cool is the United States economy.

Talking about this bill.

In effect, the bill would impose an average of more than

$80 billion in new energy taxes every year.

That is the New York Post, entitled ``Cap-&-Trade: Why It's Tax & Spend,'' of June 2.

Robert Samuelson:

. . . let's call it by its proper name: cap and tax.

George Will:

Speaking of endless troubles, ``cap-and-trade'' comes

cloaked in reassuring rhetoric about the government merely

creating a market, but the government would actually create a

scarcity so government could sell what it had made scarce.

This is a rather interesting thing. I recommend this. It was published in the Washington Post under ``Carbon's Power Brokers.''

Charles Krauthammer had several good editorials. He said:

There is no greater social power than the power to ration.

And other than rationing food, there is no greater instrument

of social control than rationing energy, the currency of just

about everything one does and uses in an advanced society.

That was Charles Krauthammer, ``Carbon Chastity,'' an editorial in the Washington Post on May 30.

There was a very good one, another from the Wall Street Journal that I have already quoted here. This is a different one than I quoted a minute ago. The Boxer climate tax bill:

. . . would impose the most extensive government

reorganization of the American economy since the 1930s.

Investors Business Daily--this is something in an op-ed piece, an editorial piece they had on May 29:

The bill essentially limits the amount of gasoline and

other fossil fuels Americans can use, as Klaus puts it--

referring to the President of the Czech Republic--

in the name of the planet. A study by Charles River

Associates puts the cost (in terms of reduced household

spending per year) of Senate bill 2191--

which is the Senate bill passed out of the committee

--at $800 to $1,300 per household by 2015, rising to $1500 to

$2,500 by 2050. Electricity prices could jump by 36 percent

to 65 percent by 2015 and 80 percent to 125 percent by 2050.

This was an editorial in Investors Business Daily.

It is interesting, I was noticing when Senator Bond from Missouri was making his very well-stated remarks, the study he had showed it would be closer to $6,000 a household. I do know in my State of Oklahoma and in the State of Texas, of all the States that will have the highest increase in taxes, it will amount to a minimum of $3,300 per family.

As I go around my State of Oklahoma--and I am back there every weekend; I am never here in Washington on weekends--I talk to people. They stop and think about what they do with $3,300 a year--it is not just a lot of them want to have another pickup truck or a bass boat or other things, but most of them are having real problems right now meeting expenses. This will be something they wouldn't want to have to try to endure.

We have had quite a few of the editorial writers around the country talking about it. Several have talked about the raising of gas prices and the effect that would have. I think we are all aware of that. I think probably the biggest issue should be the job-killer issue. The Independent Energy Information Administration says the bill would result in a 9.5-percent drop in manufacturing output, and even higher energy costs. The fact that it would grow Government--stop and think about it. This is interesting. The figure the other side uses, the promoters of the bill, is $6.7 trillion.

Then they say some of this is going to be going back into the economy. It comes down to about $4.2 trillion--$4.2 trillion, and one of the basic disagreements Senator Boxer had with the Senator from New Hampshire was that he wanted to return that to the taxpayers as opposed to having Government programs. It appears there will be, hopefully, not a majority--in fact I don't think there will be a majority of people in this body who are going to put themselves in a position where they say we want to have a $4.2 trillion increase in the bureaucracy.

If there is anything that does not need to be increased, it is the bureaucracy in America. It frightened me to think about what types of governmental agencies there are, what, 45 new entities and agencies that would be provided by this bill? Tomorrow we are going to parade before you some charts to show the various increases in the size of the bureaucracy. It is going to be something that will be frightening to most people.

However, there is a mentality of many people in the Senate--I respect every Member of the Senate--that somehow you must increase the size and the magnitude and the authority and the power of Government to make things happen. That is not the way our forefathers thought it would be.

I would suggest to you that we want to look at this increase in Government, $4.2 trillion over this period of time, as something that would be devastating to this country and its economy.

I see that my time has expired, and the remainder of the time will be used by my chairman of the Environment and Public Works Committee, the junior Senator from California.

I have 1 minute 50 seconds remaining?

I have to do this pretty fast. Let me respond to some of the things the majority stated.

First of all, when they make the statement that this, talking about the price of gas, all this happened during the Republican administration, let me assure you this happened because of the Democrats in the Senate voting against any increase in supply.

Now, if anyone has any doubt about that, go to our Web site www.epw-- that stands for Environment and Public Works--epw.senate.gov/minority. Look that up. You will see that I have documented the votes all the way back to the middle 1990s, when we have tried to increase our supply of energy or our refining capacity.

Secondly, the statements that this is not a tax bill, I would only read to you the total revenue generated through carbon sales auctions for consumers of power, heating, cooling, and gasoline: $6.7 trillion. That is their figure, not my figure.

The maximum potentially rebated to consumers would be $2.5 trillion. That leaves $4.2 trillion. If that is not a $4.2 trillion tax increase, I don't know what it is.

Thirdly, the fact that all labor seems to be for this. I suggest that Senators talk to the United Mine Workers, who are very much opposed to it, the United Auto Workers, who are opposed to it. As far as the various communities on the chart shown by the junior Senator from California, there are many of evangelical associations. We had a press conference. They all showed up. They are all very much opposed to this, and all these are Scripturally based.

Has all time expired?

Mr. President, could we have the Chair advise the body with regard to the existing time agreement. It would be my hope that I could follow Senator Joseph Lieberman, since the two of us are the principal sponsors of this bill.

I will have to accept that.

I think that is most generous, but you take 15, I will take 5.

Mr. President, if the Senator from Oklahoma will yield for a moment, I say to my colleague, we have served together now for 28 years in this body. I wish you well in this latest chapter, but I also commend you for the forthright manner with which you have always come forward in this body at any time. If there is an ounce of reduction in the tremendous energy you apply to your work here in the Senate, you acknowledge it, but always saying you will be back stronger than ever. I wish you well.

I thank my colleague. I will have further words about my colleague. The chairman of our committee, on behalf of the Senate as a whole, has some information which, certainly, I find very heartwarming. So I wish at this time to yield to the chairman on a matter that is unrelated to the pending legislation.

Mr. President, I thank the distinguished chairman of our committee and our colleague and friend for bringing that to the attention of all Senators. I have been privileged to know Senator Kennedy for many years. His brother and I were in law school together at the University of Virginia in 1949. I recall then meeting the Senator for the first time when he visited the campus on occasion. But he has been a very dear and valued friend, an absolute tower of strength in this body which he loves so much: the U.S. Senate. So I commend my colleague.

I also wish to thank my dear friend, Senator Lieberman. We have been together on so many legislative measures through the many years we have been here together, particularly as it relates to national security. He is a pillar of strength in his own right on this bill and in many other ways. I admire the independence of the Senator. I admire his commitment, his fortitude, and the strength which he has been tested on so many times. He is a great credit to this Nation and this institution.

Mr. President, I was indeed brought to this moment as a consequence of national security measures as there are implications with regard to global climate changes.

I don't use the term ``warming'' because it is, to me, a complexity of different climate variations--not only temperature but weather patterns manifesting in drought, patterns manifesting in floods, patterns manifesting in hurricanes, and all sorts of other things, such as tornadoes.

I have had the privilege of living a little bit longer than most in this Chamber. Indeed, in my lifetime, I have never seen such a complexity and changes in weather. Certainly, the evidence seems to be compiling every day that human activity and increasing carbon dioxide emissions are the causes. It is now time to deal with that situation.

I belong to the school of thought in this debate that we simply cannot do nothing; we cannot constantly postpone. Senator Lieberman and I, over a period of almost a year now, have put this bill together. It represents what we deem a consensus--I guess you would say a middle-of- the-road position. We could not satisfy all those who want stronger controls put in, more immediate corrections; nor could we satisfy those who sort of say let's wait and see. We felt we should put this together, bringing together the thoughts of so many of our colleagues. I would say that several dozen colleagues contributed to this bill. One is Senator Specter. In our bill, we relied on much of the good work included in Bingaman-Specter Low Carbon Economy Act.

Most significantly, our legislation includes provisions from their bill that protect U.S. manufacturers from competition with other countries not curbing emissions. Second, we also ``borrowed'' their idea for providing ``bonus allowances'' to facilities that adopt carbon capture and storage. This incentive is critical. The third point I will highlight is that we tried to provide the price certainty envisioned by their ``safety value'' by including a ``rainy day account'' of extra allowances that would be released to the market if a certain price point is hit. I thank those Senators for their very important contributions in improving this bill.

Mr. President, another reason I am drawn to working to address the issue of global climate change is that there is a great feeling all across America by people in small towns, large cities, and in State legislatures that we must move and move now; that we simply must do something. In my view, doing nothing is not an option. We simply must do something.

I believe the American people will be the final factor in this bill that is now about to be pending in the Senate, as to whether sufficient votes are garnered to send the bill eventually to the President after we have a conference, hopefully, with the House of Representatives, which I am certain, if this is passed by 60 votes here, the House will quickly put together their own thoughts--they have done a lot of work-- and we will have a bill that will go to the President. That will be largely owing to the public, as they follow this debate and read about it, as they discuss it among themselves. They will send back a message to this institution that doing nothing is not an option. Do the best you can. In crafting this legislation, we have done the best we can. If my fellow Senators have ideas to further improve the legislation, I ask them to bring them forward.

I commend the distinguished ranking member. He pointed out that he will support going forward with this bill this afternoon and also that there should be a number of amendments, hopefully, to strengthen it from the perspective of the ranking member and a number of colleagues on this side of the aisle. Let's show the American public that this institution can work and address a complicated subject and try to reach common ground and understanding. To do nothing is not an option.

In the substitute amendment, we significantly improved the bill by giving the President of the United States emergency authority to modify any requirement of this bill in the event of a

national, economic or energy emergency. In addition, Senator Lieberman, Senator Carper and I will be offering an amendment with respect to nuclear power. I ask unanimous consent that this section of the substitute amendment, and my amendment with Senators Lieberman and Carper be printed in the Record following my remarks.

Again, the first provision I refer to deals with the authority of the President of the United States. The Committee reported bill, I felt, did not give sufficient protections to the Nation for unforeseen things that could occur while this law is being met across the Nation. So we give to the President the authority to change any provision in this bill that he--or possibly she--deems appropriate. And then it is up to the Congress to determine whether they support what the President has done or not. I say that because we have drawn on a procedure that has been time tested by the Senate, and indeed the Congress, to give such power to the President regarding legislation. Supposing that, as a consequence of the legislation, it is shown it is damaging our ability to recover from what appears now to be a weakened economy? Then the President can readjust the timetable or the provision which he deems is contributing to that problem.

Now, we ask the power industry--most notably those segments of the industry dependent upon coal--coal is our largest natural resource of energy. This bill does not in any way try to damage coal. It, in fact, is a bill that will help that industry--our power industry--which requires coal as a source of energy for our daily needs. Give us time to explain to the coal industry how this is done. But if technology, in terms of capturing the CO2, conveying, transporting it to a repository for sequestration--if that technology is not in place in a timely way, the President can step in and readjust the timetable.

If there are national security implications from this bill that the President deems harmful, he can readjust this bill. So there are more than adequate safety measures in here to protect this Nation, and the President has full authority to implement them.

The Warner-Lieberman-Carper amendment relates to nuclear power. We looked at this in the course of the deliberations in the committee, and at that time, it simply was not feasible to include provisions. The distinguished colleague from Oklahoma and others brought forward a number of provisions about nuclear power during the mark up, which we could not accept at that time for reasons I think are apparent to all. But I am happy to bring forth an amendment now, joined by my distinguished colleagues, Senator Lieberman and Carper, to look at the absolute essential requirement that we rely on nuclear power as a growing and a more important daily source of energy for this country.

Mr. President, I hope that when this debate has concluded, if it is shown that the proponents of this legislation have not met the majority requirements of this body as to what is to be done legislatively now-- not in the future--to deal with this global climate change, then I hope that another legislative proposal will be brought forward via amendment, or perhaps even by a substitute bill, to replace ours. If it is the will of a majority to take that substitute, so be it. I hope I can support it. But to do nothing is not an option, Mr. President.

How much time do I have under the 10 minutes?

I yield that back to my colleague from Connecticut to wrap up for the two of us--in 1 minute, 1 year's work.

Exhibit 1

Subtitle B--Presidential Emergency Declarations and Proclamations

Madam President, before the Senator yields the floor, I wonder if I may ask him a question.

Fine. Of course, whatever the case may be. Because our colleagues are listening to these statistics, I think we better with greater specificity explain from where those numbers are coming. The Senator made a comment about the possible increase in the cost of gas. But is that not over the life of the bill, which is 20 years?

It is not tomorrow or the next day.

Madam President, I asked the question, but I will finish it up. Let's be candid, we are talking about a bill that is 20 years ahead of us. Look how much gas has risen, 26 increases in the past, I think, 90 days. It has nothing to do with this bill. This bill has all types of checks and balances that the President can move in and stop these provisions from being invoked if he is concerned.

I listened patiently to my colleague from Missouri: This is wrong, that is wrong, this is wrong. All right, folks, who is going to come forward in this Chamber and say this is what is right, here is the better approach? And let us be careful in the representation about these incredible increases and so forth. Give the time period and then contrast that to what has happened in the last 90 days, which has nothing to do with this bill--nothing.

What has an impact is if this bill eventually becomes law, then it will put in place the mechanism by which to relieve the crisis we are faced with today--these repeated 26 increases in the cost of gasoline.

I yield the floor.

Madam President, I am pleased to be here today for the opening debate on global climate change and the Lieberman-Warner Climate Security Act.

The issue of global climate change is a pressing one that has ramifications far beyond our imagination. It is my firm belief that we need to temporarily put aside what we do not know about climate change and its potential impacts and to focus instead on what we do know in order to begin to address this critical problem.

We know that the science is clear. Some might respectfully disagree, but they are in the minority. In fact, the science is so clear and the observations on the ground are so convincing that more than half of the States of this great Nation and more than 800 cities have taken the bull by the horns and have enacted or are working to enact legislation to reduce carbon emissions.

I am the strongest supporter of states rights and I commend these States for their vision and their leadership absent Federal action. But we cannot have a patchwork approach to addressing climate change. Federal leadership is now warranted in this case.

We know that allowing global climate change to go unchecked will result in increased threats to global security. In April 2007 the Center for Naval Analysis Corporation issued a report, ``National Security and the Threat of Climate Change,'' which detailed the numerous threats posed by climate change.

The report found that global climate change does pose a significant threat to America's national security. The extreme weather and ecological conditions associated with climate change have the potential to ``disrupt our way of life and to force changes in the way we keep ourselves safe and secure.''

Some of the destabilizing impacts described in the report include: reduced access to fresh water, impaired food production, human health emergencies, and displacement of people. These are hardships that the globe will have to face.

These serious implications of climate change will have security consequences for the United States. For example, there will be an increased potential for failed nations and growth of global terrorism.

Another serious implication of climate change is the mass migrations of people that are likely to occur. Lack of water and food will force the movement of people. In the United States, the rate of immigration from Mexico is likely to rise because the water situation in Mexico is already marginal and could worsen with less rainfall and more droughts.

In addition to these indirect risks to national security, there are also direct impacts on U.S. military systems, infrastructure and operations. Climate change will add stress to our weapons system, threaten U.S. bases throughout the world, and have a direct effect on military readiness. As stated in the CNA report:

As military leaders, we know we cannot wait for certainty.

Failing to act because a warning isn't precise is

unacceptable.

We know that the fate of the copious coal resources within our borders hinges on Congress providing regulatory certainty. Have you seen the record of late? Permit after permit for coal-fired powerplant is being declined. In fact, 54 percent of coal capacity ordered since 2000 has been canceled or put on hold in the last 2 years, in part due to uncertainty about climate legislation. The way to ensuring coal remains a viable resource for the future and allowing coal to continue to provide more than half the power in the U.S. is to give regulatory certainty so that investors will once again finance the building of coal-fired powerplants.

With that said, I know that the coal industry doesn't support this bill. But we have done our best to provide more than the financial support the industry says is necessary to fund the technologies such as carbon capture and storage that are going to allow coal to remain viable. But inaction is not an option for our Nation, and it is not the best path forward for coal.

The concept of mandatory, by law, cap-and-trade is proven to work. Cap-and-trade harnesses the best of free market power and brings in industry, as partners, in solving the energy and emissions challenges in the future. With all due respect to those who support the carbon tax approach, I believe while the administration of such a new tax may be simpler, there is no guarantee you get the environmental benefit that consumers are paying for.

The very suggestion that there will be some huge increase in gas prices due to capping pollution is false. It is a scare tactic. Absent any program, gas prices have gone up about $1.10 this year alone. What the increases show is that the status quo of laws are not working.

The United States will be hostage to the price of oil until we reduce our demand--and a cap on carbon is the most effective step we can take toward that goal. This bill provides a very large incentive for the private sector to receive the investment so they can create improved and new alternative sources of energy. It funds advanced vehicle technology, efficient hybrid fleets, advanced biofuels and mass transit that will transform the transportation sector and reduce our dependence on oil.

Modeling suggests that the Act would reduce imports by 8 million barrels per day by 2025, more than the entire amount currently imported from OPEC. Overall, it reduces oil imports by up to 58 percent.

We also know that the cost of inaction is much more likely to hurt American families and the American way of life more than the potential costs of action.

Not addressing climate change is not going to keep energy bills low. Increased demand for energy will drive prices up, without the incentives for expanding the use of alternative energy sources or providing a safety net for consumers, as my bill would do.

I relish this opportunity to debate climate change legislation in the Senate. It is my hope that we will have robust debate. I want my colleagues, both those who agree with my bill and those who don't, to have ample opportunity to offer amendments. If we are going to be serious, serious consideration must be given to all members who want to have their say in this landmark debate.

In closing, I look forward to the time ahead spent on this bill, and I am available to address any questions, concerns, or issues my colleagues wish to raise with me.

Madam President, once again, I think as we debated this afternoon, the bill has been passed out, put on each desk. I hope that represents the majority of our colleagues will agree to letting this bill go forward, because it is not just the bill, it shows the American people we are doing their business.

We are trying, through a debate, well-intentioned individuals on both sides, to solve one of the most difficult problems ever facing America, our energy shortages, our increased prices of

energy, carbon emissions, how it has affected our environment, all those things.

Here it is. This is our joint effort, together with the chairman and members of the committee. If there is a better idea, bring it forward. This is the function which our Founding Fathers established this institution for. Bring forth our ideas and let us produce something and show the American people we can solve their problems.

Madam President, I ask unanimous consent that a letter from 20 different prominent, well-known industrial firms, confirming that this bill is necessary, be printed in the Record at this point.

Mr. President, today America takes a major step forward in reasserting our leadership on the world stage. Upon enactment, the Lieberman-Warner Climate Security Act will be the most aggressive climate change bill in the world, slashing American greenhouse gas emissions by two-thirds by mid-century, putting America in the lead in reducing harmful emissions.

Let me begin by acknowledging the tremendous leadership of Senators Lieberman, Warner, and Boxer. They have worked tirelessly to take on this, the greatest challenge of our time. And they have done so with great intelligence, great skill, and a remarkable willingness to forge a consensus that meets our needs. I salute them. They are extraordinary public servants, and the Nation owes them an incalculable debt of thanks.

The Climate Security Act is truly historic.

The legislation will transform the American economy, positioning us to continue our global leadership for decades to come. Energy efficient, high-performance businesses will flourish here and serve as international leaders in ushering in sustainable economic growth around the world.

Retooling the American economy for the 21st century will put us in charge of our own energy supplies. Our current reliance on other countries, many of whom are not friendly to Americans or the values we cherish, puts us at unacceptable risks to disruptions in the fuel supply chain. This bill will put us on a path to energy independence and that is a path to improved national security.

Dramatically reducing greenhouse gas emissions is essential to the environmental health of our planet. This legislation goes further, providing billions of dollars in resources to plant forests, grow sustainable sources of biofuels, and protect and restore our most precious natural resources, such as the Chesapeake Bay.

The Lieberman-Warner Climate Security Act is good for our economy, critical for our national security, and essential for the health of our environment.

The bill will reassert American leadership among the nations of the world. And we will do it the way America has always done it--with ingenuity and hard work and leadership by example.

Global warming presents a real and present threat to our economy.

Four global warming impacts--hurricane damage, real estate losses, energy costs, and water costs--will drain billions of dollars annually from our economy. By the end of the century, the annual costs from these impacts alone will reach an estimated $1.9 trillion annually.

Clearly, these impacts would be devastating. Unfortunately, they are not the only adverse economic costs of doing nothing.

Rising food prices and global food shortages underscore the need for stable, ample, and environmentally sound agricultural practices. But climate change brings with it widespread droughts in some parts of the world, an increase in plant pests and diseases, and reduced crop yields. The drought that has persisted in Australia in recent years has had a devastating impact on the world price of wheat. Today's rising cost for a loaf of bread is a harbinger of the dramatic impacts on our food supply if we fail to act.

And it is not just crops that will suffer. In the Chesapeake Bay rising water temperatures are blamed for a dramatic loss of the most common underwater grass in the lower bay. Eelgrass, as it is called, simply cannot tolerate the warmer waters. That means crabs and other species have no habitat. Virginia and my home State of Maryland have just instituted dramatic reductions in the blue crab harvest next fall because of the falling numbers of crabs in the bay. Our multimillion dollar blue crab fishery is at risk--and at risk today--from global warming.

The good news is that the actions we take to reduce global warming will be good for our economy.

Through its innovative cap-and-trade system, the bill is designed to be self-financing, and there will be sufficient funds to also make a major contribution to debt reduction.

American businesses will see an unprecedented Federal investment in retooling for tomorrow.

In the first 10 years, the bill provides $61 billion for renewable energy. Wind, solar, geothermal and other zero- and low-carbon sources of power will get the boost they need to become an integral part of our energy distribution system. And to prepare for that capital investment, the bill also provides $18 billion over that same period for an Energy Efficiency and Renewable Energy Worker Training program. We will have both the infrastructure and trained workforce for a new energy sector.

In Frederick, MD, today we already have one of the world's leading solar energy operations. Companies such as BP Solar will have the resources they need to grow their businesses and the trained workforce to build, install, and operate a new generation of electricity- generating equipment.

Our core heavy industries will benefit from $138 billion by 2022. Those funds will help iron, steel, pulp, paper, cement, and other carbon-intensive industries with the assistance they need to remain competitive while they shift to cleaner energy sources.

Lehigh Cement's largest plant in America is located in Union Bridge, MD. The plant produces up to 2 million tons annually. The company will now have the resources it needs to become even more efficient--and more profitable--because of this transition assistance.

The bill contains provisions that will help American consumers make the transition to tomorrow's economy, too. More than $800 billion is reserved for tax credits and tax cuts that will make sure that during the transition average Americans don't have to bear the costs.

I am especially proud of a section of the bill I authored that will direct about $171 billion, over the life of the bill, to States and localities for public transit nationwide. About two-thirds of this money will go to support existing systems such as Washington Metro, MARC and MTA, while about 30 percent will help develop new systems that will take more and more cars off

our roads, cut dangerous emissions, ease congestion, and reduce our dependence on foreign energy sources, such as OPEC.

Today, too much of our national energy needs are supplied by other nations. Our reliance on foreign oil weakens our position in the world. Today, we are sending massive infusions of American dollars to oil-rich countries that don't share our values and are often active opponents of American foreign policy. We know that some of those petrodollars have been used to finance terrorists.

No entity relies on petroleum more than the American Department of Defense. We have a great strategic weakness with such a strong reliance on foreign oil.

My senior Senator, Senator Mikulski, and I have been working with Volvo-Mack Truck in Hagerstown, MD, to build prototype heavy-duty hybrid trucks for military use. These trucks will dramatically reduce their need for oil because of their increased fuel efficiency. They are also being tooled to handle a wide variety of biofuels. In the future, we envision fuel-efficient vehicles powered by home-grown biofuels.

The bill contains funding to support these prototypes, putting them into widespread use. Our military will benefit, along with the entire commercial sector of our economy.

Global warming threatens our national defense in another way. Naval Station Norfolk in Virginia is a keystone location for American Naval operations. But Norfolk is under grave threat because of rising sea level.

At a hearing before the Environment and Public Works Committee last summer, scientists told us that sea level rise has been higher in the Chesapeake Bay than worldwide because of a number of factors including land subsidence. Their best prediction is that we could see a 3-foot rise is water levels by the end of the century. Our critical national security infrastructure lies directly in the path of these rising waters.

Just 30 miles east from here in Annapolis, MD, the U.S. Naval Academy sits literally on the edge of the Severn River. The Academy has already seen damage from major storms. This is a story that is repeated up and down the coasts of America. Our military installations and assets are at risk. We need to act to protect them so that our Armed Forces can protect us.

While the Climate Security Act will have profound impacts on our economy and our national security, at its heart, this is an environmental bill. The bill was reported by the Environment and Public Works Committee. It amends the Clean Air Act. The Environmental Protection Agency is the central player.

The current administration has been painfully slow in recognizing the threats to the worldwide environment that runaway greenhouse gas emissions are causing. Begrudgingly, they are now accepting the fact that the impacts are huge and growing.

The legislation will reduce dangerous greenhouse gas emissions by over 70 percent from the 2,100 entities covered in the bill. Even with the uncovered segments of the economy included, the emissions are two- thirds below 2005 base levels. These are impressive cuts. I think we can do even better. The consensus scientific opinion in the world is that we must do better. Cuts of at least 80 percent are required, and I will support efforts on the floor to set that as our 2050 target.

Periodic reviews that are built into the bill will build the case, I believe, that we will need to do more to curb the most adverse environmental outcomes.

Cutting greenhouse gas emissions is essential to putting our global ecosystem back into balance. Doing so will have other direct health and environmental benefits. Bringing down CO2 emissions will almost assuredly bring down nitrogen oxide, sulfur dioxide, and mercury emissions as well. The ozone code red days that are all too commonplace every summer will be reduced as we cut greenhouse gases. Similarly, the fish consumption advisories that every State faces because of widespread mercury contamination will gradually be lifted as mercury levels go down.

Although the bill modifies the Clean Air Act, we will see major benefits for our coastal areas, including the Chesapeake Bay. Rising water temperatures will abate. The bill also provides extensive funding to manage the adaptation that will be needed for our natural systems.

A National Wildlife Adaptation Strategy will direct funding to those areas most likely to be adversely affected by climate change and ocean acidification.

The Pittman-Robertson Wildlife Restoration Program and the Land and Water Conservation Fund are existing programs with strong State partnerships that have proven track records of effectiveness. Both will see major infusions of financial support: $185 billion for the Wildlife Restoration Program and another $52 billion for the Conservation Fund.

Annually, Maryland would be expected to receive an additional $52 million for these well-established programs.

The EPA, the Army Corps of Engineers, and NOAA will all have dedicated programs to protect and restore our fresh and estuarine water systems. The Chesapeake Bay is one of several water bodies specifically mentioned in the bill because of the value of the resources at risk and the need for priority funding.

The Forest Service and the Department of the Interior will have crucial roles to play as well. In all, the Federal investment in programs to protect natural resources will approach $300 billion over the life of the bill.

The time to act is now. There is no country in the world better positioned than the United States to undertake this historic challenge. We have the world's strongest economy. We are the international leaders in climate science. We have an extraordinary history of facing the gravest challenges facing mankind. I believe that America is ready to meet this change.

The time to act has long since passed. The time to catch up is now. I urge my colleagues to support the strongest possible Lieberman-Warner Climate Security Act. It is a challenge we can and must meet.

Mr. President, again, I acknowledge the tremendous leadership of Senators Boxer, Lieberman, and Warner in bringing forward this historic legislation. The Climate Security Act is truly historic. The legislation will transform the American economy, positioning us to continue our global leadership for decades to come. Energy-efficient, high-performance businesses will flourish here and serve as international leaders in ushering in sustainable economic growth around the world.

Retooling the American economy for the 21st century will put us in charge of our own energy supplies. Our current reliance on many other countries, many of which are not friendly to Americans or the values we cherish, puts us at unacceptable risks to disruptions in the fuel supply chain. This bill will put us on a path to energy independence, and that is a path to improved national security. This bill is important for national security. It is important for our economy, and it is certainly important for our environmental health.

The legislation goes further, providing billions of dollars in resources to plant forests, grow sustainable sources of biofuels, and protect and restore our most precious national resources, such as the Chesapeake Bay.

The Lieberman-Warner Climate Security Act is good for our economy, good for our national security, and good for our environmental health. The bill will reassert American leadership among the nations of the world, and we will do it the way America has always done it--with ingenuity, hard work, and leadership by example.

Clearly, we know the scientific information as to the dangers we face. The dangers we face are real, with extreme weather conditions, disruptions to our food supplies. We have seen this already. In my own State of Maryland, we have a problem today with the blue crab. The reason, quite frankly, is the waters of the Chesapeake Bay are just too warm for the seagrasses and juvenile crabs cannot survive. That is bad for our watermen. That is bad for our State. That is bad for our economy. I can give you another 100 examples in Maryland where science is telling us that global climate change is real, hurting our economy.

The good news is that action we take to reduce global warming will be good

for our economy. Through its innovative cap-and-trade system, the bill is designed to be self-financing, and there will be sufficient funds to also make major contributions to debt reduction. Because of the financing and investments in the legislation, it will help reduce our Government borrowing. It is good for our economy.

American businesses will see an unprecedented Federal investment in retooling for tomorrow. In the first 10 years, the bill provides $61 billion for renewable energy. Wind, solar, geothermal, and other zero- and low-carbon sources of power will get the boost they need to become an integral part of our energy distribution system. To prepare for that capital investment, the bill also provides $18 billion over that same period for an energy efficiency and renewable energy worker training program. We will have both the infrastructure and trained workforce for a new energy sector.

For our core heavy industries, they will benefit also. There will be $138 billion to help heavy industries. Those funds will help iron, steel, pulp, paper, cement, and other carbon-intensive industries with the assistance they need to remain competitive while they shift to cleaner energy sources.

LeHigh, the largest cement plant we have in America, is located in Union Bridge, MD. The plant produces up to 2 million tons annually. The company will now have the resources it needs to become even more efficient and more profitable because of this transition assistance.

I am especially proud of the section of the bill I helped author that will direct $171 billion over the life of the bill to States and localities for public transit nationwide. I wish to thank Senator Boxer for helping make this amendment a reality in this bill. About two- thirds of this money will go to supporting systems such as the Washington Metro, MARC, and MTA, while 30 percent will help develop new systems that will take more cars off the road. This legislation will make public transit convenient and economic.

Mr. President, this bill is important for our country and for our future. I am proud to be a cosponsor. I urge my colleagues not only to vote to bring up this bill, but let's work out the amendments and let's pass it so that America can regain its leadership in the world on fighting the rising problems of greenhouse gases.

I yield the floor.

Mr. President, I rise to introduce new legislation to tackle the escalating problem of global warming. Together with Senators Specter, Harkin, Stevens, Murkowski, and Akaka, I am introducing a bill we have entitled the ``Low Carbon Economy Act of 2007'' which would reduce greenhouse gas emissions that result from the production and use of energy in the United States. We do this with the support of many influential labor organizations and unions, business leaders, concerned conservationists, and environmental groups. I believe this legislation represents an important milestone in the debate on global warming. It is the product of over 2 years of deliberation and analysis based on committee hearings, on stakeholder workshops, on discussions among individual Senate offices.

I would like to make three basic points to my colleagues today that I hope will persuade them to join us in cosponsoring the Low Carbon Economy Act and to bring about action on global warming in this Congress.

The first point is that the time for action is now. The second point is the most effective approach combines technology research and development and deployments with market incentives to reduce greenhouse gas emissions. And the third point is that effective global action is only possible with leadership from the United States.

First, as to the point that the time for action is now, the United States committed in 1992--that was 15 years ago--to participate in a framework to stabilize greenhouse gas concentrations in the atmosphere. Since that time, what we know about global warming has become more and more alarming. According to the latest scientific findings of our world's leading experts--that is, the Intergovernmental Panel on Climate Change--the confidence that humans are altering the Earth's climate has reached 90 percent certainty.

As scientists have grown more certain and more concerned, so have our citizens. Across the country, Americans are seeing signs of global warming, not as a concern for the distant future, but as having an impact on their lives today. More intense hurricanes in the gulf, record-breaking wildfires and heat waves in the West, accelerating beach erosion on the eastern seaboard, melting permafrost in Alaska, all give us a taste of what climate change could mean. If we do not get together with other nations to start limiting emissions soon, we will have to expect worse in the future.

Across the country, convenience about climate change has motivated Governors, State legislators, and mayors to show that States and cities and individuals can help to manage this most important environmental problem of our time. Their motivation has another root, however, and that is frustration. I am talking about frustration that the Federal Government has failed, so far, to show the leadership and take the action necessary to meet this challenge.

It is against this backdrop we are introducing this legislation today, with the support of this historic new coalition. My colleague from Pennsylvania, Senator Specter, represents a State that relies heavily on manufacturing and coal production--a fossil fuel that is responsible for the emission of greenhouse gases. He has consistently fought to protect the economy of his State and of the country. This bill we are introducing continues that tradition. It does so with the full backing of labor organizations, such as the AFL-CIO, unions, such as the Steelworkers and the United Mine Workers.

My colleagues from Alaska, Senators Stevens and Murkowski, represent a State that is likely to be among those most directly affected by global warming. Alaska balances a reliance on fossil fuel production with the demands of a unique natural habitat and a long history of indigenous cultures that are threatened by the warming climate.

My Democratic colleagues from Iowa and Hawaii, Senators Harkin and Akaka, have helped bring to the table a way to include the agricultural community in greenhouse gas markets and to strengthen our protection of coastal lands and impacts on the poor.

This bipartisan coalition also has the support of companies, such as PNM, from my home State of New Mexico, Exelon, and American Electric Power. We have also worked closely with numerous conservation organizations to design provisions in the legislation to ensure that America's fish and wildlife can survive the effects of climate change.

As a result, 23 major national conservation organizations, representing millions of hunters and anglers, have expressed support for this approach we have taken to fish and wildlife conservation. They recognize the enormous threat posed by climate change, and they support the way we have responded to that in this proposed bill.

Combined with the support of other labor unions, such as the United Brotherhood of Boilermakers, the United Auto Workers, and the International Brotherhood of Electric Workers, this bill demonstrates that the ground has shifted sufficiently in Washington and we can realistically press for action now in this Congress.

My second point is the action we need now is a combination of technology incentives--both to develop the technology, and to use that technology, or deploy that technology--and also limits on emissions. Only mandatory limits will create the economy-wide price signal needed to spur serious investment and innovation in finding ways to curb emissions.

The bill we have put together is the product of a long process of deliberation and analysis. In 2005, I put forward a proposal based on the recommendations of the bipartisan National Commission on Energy Policy. In the time that has passed since then, we have worked on this issue in the Senate Energy Committee with colleagues to understand the best way to reduce greenhouse gas emissions. We convened hearings and we hosted workshops tailored to learn about key design features of mandatory market-based programs and the European experience with these programs.

I have concluded we need massive investment in technologies that are more efficient and less carbon intensive if we are going to effectively confront global warming. I doubt there is a single

Member of this body who does not believe new options for generating electricity and for fueling our economy are needed, whether it is to limit climate risks or to reduce our oil dependence and enhance our energy security.

Where we have come to a standstill has always been in finding the resources to make the research and development investments we need and to provide the incentives that will get these new technologies widely adopted in the marketplace once they are available. This Low Carbon Economy Act provides funding for an unprecedented push to develop and deploy new climate friendly technologies on a massive scale.

Specifically, the bill would more than triple the Federal investment in low-carbon energy technologies and would ease the transition to a globally competitive, low-carbon economy. In addition, this bill would provide bonuses--worth approximately $100 billion over 30 years--to ambitious and innovative companies that are willing to take on the challenge of building commercial-scale powerplants that capture and sequester carbon dioxide emissions.

Implementing the transition to a low-carbon economy is enormously important and it is also equally challenging. It requires new technology, new resources, and new policies, but most of all it requires political will. I am confident we can rise to the challenge if we can work together in a bipartisan manner to craft legislation that considers both our environmental and our economic challenges.

This Nation has a longstanding interest in developing clean domestic energy resources--an interest that predates our current concerns about climate change. But the problem has been this interest has waxed and waned in the past, usually in direct relation to the price of oil, along with our commitment and our ability to devote the resources it takes to get the job done.

Now, through enactment of this Low Carbon Economy Act, we can spur our industries and our universities, our entrepreneurs and our innovators to push the limits of feasibility in ways that have led to technology breakthroughs in the past. Examples, of course, are the space program, the Internet, and the communications revolution.

But voluntary initiatives and incentives alone will not get the job done. Many of my colleagues have expressed a reluctance to tread into the water of climate caps and regulation because they fear that burdening the economy before we have the technology available to meet the goals we set out would be unwise. We have concluded that further delay while we wait for technology is not a responsible strategy.

We can invest billions of dollars in research on technology, but those technologies will always be more expensive than the current way of doing business as long as the current way of doing business allows greenhouse gases to be released to the atmosphere without any charge at all. In a competitive market economy, it is unrealistic to expect companies to do otherwise than to maximize their profits and to look out for the bottom line. That means businesses will not implement new technologies unless those technologies make good financial sense.

The truth is, we have many of the technologies we need today to get started on this problem of reducing greenhouse gas emissions. We can begin deploying them today while we invest in research for newer technologies for use tomorrow. It is absolutely essential we have a combination of technology incentives and price signals to make both of these things happen.

This Low Carbon Economy Act reflects this central premise, generating both the revenue needed to ensure that new technologies are available when we need them and the price signal needed to spur business to invest in deploying those technologies as soon as possible.

My final point is that an approach such as the one that is set out in this Low Carbon Economy Act offers the best hope for reestablishing U.S. leadership on the issue of climate change at this point in time. People will continue to debate the stringency of our proposal--whether it is too aggressive or too weak--but the bottom line is that other nations are looking to the United States to embrace mandatory action.

There has been much focus lately on China's rapidly growing emissions, but the fact remains ours is the world's richest economy and the one with the highest greenhouse gas emissions. Even if China's emissions eclipse ours this year or in the next few years, it is still the case that our historic and ongoing emissions account for a large, and some would say, a disproportionate share of the problem.

Our continued failure to implement a mandatory program has meant we have not been the driving force we need to be to bring countries together to resolve this serious issue. Nor has it put us in a position to encourage rapidly industrializing nations, such as China, India, and Brazil, to pursue a low-carbon pathway as they develop their economies.

Make no mistake, our legislation recognizes that all of the large emitting countries need to be seriously involved in global efforts to combat climate change and need to participate in good faith. The administration has put forward a program to engage developing countries through loan guarantees, cost-sharing for demonstration projects, and information sharing. I support this approach, but I am also convinced that it will only work as part of a broader policy initiative that includes mandatory limits on U.S. emissions.

Included in this Low Carbon Economy Act is funding for these programs so that the United States can put forth a true effort to make significant relationships work abroad. But we need to take a more aggressive step at home while we pursue this strategy abroad. Only through this leadership can we expect others to see that they too must do their part. Only through this leadership will we be able to rebuild the credibility we need to inspire an effective global response, including, if necessary, working with other leading countries to apply pressure on nations that continue to avoid implementing emissions limits. To sum up, we are well aware that the U.S. cannot do this alone. But we are equally convinced that others will not do their share unless the U.S. leads the way.

In conclusion, we ask our colleagues to join us in cosponsoring the Low Carbon Economy Act. With their help, it is my hope we can bring the Senate to take action on this issue by the end of the year. I also hope the President will work with us to work out the details of this proposal going forward. Congress cannot do this without the leadership of the President. The issue is too significant to be able to make progress without having active and constructive dialog with the administration at every step of the way. Congress must make it known that we intend to forge ahead with or without the administration's help and the President's help. I hope the majority leader is able to schedule time here on the Senate floor to deal with this issue of global warming later this year. Only with deadlines and a structured process will the Senate be able to devote the energy and attention the issue needs and deserves.

I pledge to work in earnest with my colleagues, including the chairman of the Senate Environment Committee, Senator Boxer, and with Senators Lieberman and Warner of that committee, who I know are working on this issue. I hope they and others will see this legislation as a framework that will be helpful to them in developing an approach to bring to the Senate floor.

Ultimately, I am optimistic we can take the best ideas and succeed in passing legislation because there is now broad agreement within this body and within the business community and the general public about the need for real progress and action on the issue. Let's not wait any longer, when we know that one course of action we cannot afford and cannot defend is continued paralysis.