CONTACTS: John Reid/Karen Gaither
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April 25, 2008                 

                                                                                                     
Chamber Hosts Economic Panel on Lieberman-Warner Climate Bill

WASHINGTON, D.C.-The U.S. Chamber of Commerce hosted a panel discussion today to better understand the potential economic impacts of S. 2191, the "Lieberman-Warner Climate Security Act of 2007."

"We are headed for a floor vote on Lieberman-Warner in scarcely more than a month, and there is still considerable disagreement over the costs this bill will have on America's economy.  At least six economic studies of the bill have already been released, and several more are on the horizon.  Many of them have different results, and we thought it would be a good idea to bring the authors together and let them defend their respective analyses," said Bill Kovacs, vice president of Environment, Technology and Regulatory Affairs at the U.S. Chamber of Commerce.  "Whether you support or oppose the bill, what should be clear by the time votes are cast is the impact these new laws will have on your wallet."

 

The event was part of the Chamber's semi-annual joint Environment & Energy and Regulatory Affairs committee meeting.   The event also featured a keynote address by James L. Connaughton, chairman of the Council for Environmental Quality, who discussed the President's newly-announced principles on climate change.

 

"As we consider the Lieberman-Warner bill, we need to have more discussions like the one we had here today.  Unless we fully understand the costs this bill will have on jobs, growth, and energy supply, we cannot have a serious debate from a policy perspective," continued Kovacs.

 

For more information on the meeting, please visit: www.uschamber.com/environment.

 

The U.S. Chamber is the world's largest business federation, representing more than 3 million businesses and organizations of every size, sector, and region.

 

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