The Obama Administration’s Treasury Department estimates that the cap-and-trade national energy tax will result in an average $1,761 in increased costs for American families.
In Copenhagen yesterday, U.S. Secretary of State Hillary Rodham Clinton announced that the U.S. “is prepared to join other rich countries in raising $100 billion in yearly climate financing for poor countries by 2020.”
During a town hall in Shanghai on November 16, 2009, President Obama said that the United States and China should be held to different standards for reducing their emissions since China (the world’s second highest CO2 emitter) has “much more poverty”:
“There's going to be a Copenhagen conference in December in which world leaders are trying to find a recipe so that we can all make commitments that are differentiated so each country would not have the same obligations -- obviously China, which has much more poverty, should not have to do exactly the same thing as the United States -- but all of us should have these certain obligations in terms of what our plan will be to reduce these greenhouse gases.”
In June 2009, House Republicans introduced the American Energy Act (H.R. 2846) - an all-of-the-above energy plan that will responsibly use our natural resources to create new energy and new jobs. This bill includes specific measures to encourage development of renewable energy sources, such as wind, solar, hydropower, nuclear and biomass, while also producing more American-made oil and natural gas.
