Markey: Obama's Budget Reflects Momentum Towards Global Warming Bill
Author of Cap-and-Invest System Lauds “Visionary” Budget
WASHINGTON (February 26, 2009) – Rep. Edward J. Markey (D-Mass.), who leads key global warming panels in the House and is writing the House version of an energy and global warming bill, today praised the Obama administration’s budget as a confirmation that the United States is on a path to a clean energy future that will protect the planet.
“This visionary budget reflects the congressional momentum to deliver a comprehensive global warming and energy package to President Obama,” said Rep. Markey, who is Chairman of the Energy and Environment Subcommittee in Energy and Commerce, which is tasked with writing global warming and energy legislation. “This budget is a confirmation that we are on a path to a clean energy, climate-friendly future that will create jobs, protect consumers, and save the planet.”
Rep. Markey is the author of the cap-and-invest system, which caps pollution and then invests the revenues from carbon pollution credits back to consumers, clean energy technology, and other vital programs. The Obama administration’s budget reflects this approach.
“I agree with the president’s goal to adopt a cap-and-trade proposal and dedicate a large percentage of the revenue from polluters to consumer protection and clean energy technology,” said Rep. Markey. “The president and a majority of Congressional members are now all rowing in the same direction on climate and clean energy.”
Contact: Eben Burnham-Snyder, Chairman Edward J. Markey, 202-225-4012
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