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Senate Proceeding on May 1st, 2008 :: 5:25:35 to 5:38:50
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Byron Dorgan

5:00:35 to 5:25:35( Edit History Discussion )
Speech By: Byron Dorgan

Byron Dorgan

5:25:23 to 5:25:35( Edit History Discussion )

Byron Dorgan: while i will talk today about the long-term solutions to the energy crisis and the way this can work hand in hand with climate change if we show the kind of leadership that we need to show, there are

Amy Klobuchar

5:25:35 to 5:25:48( Edit History Discussion )

Amy Klobuchar: also short-term issues that means, as he said, cutting down on the speculation, putting things in place, closing the enron loophole. to have the justice department get meat on the bones in terms of

Amy Klobuchar

5:25:35 to 5:38:50( Edit History Discussion )
Speech By: Amy Klobuchar

Amy Klobuchar

5:25:48 to 5:25:58( Edit History Discussion )

Amy Klobuchar: enforcement. as a former prosecutor, i know how important that is. and pushing the opec nation, with which we have business dealings, if we're going to have business dealings with them, then they shouldn't

Amy Klobuchar

5:25:58 to 5:26:16( Edit History Discussion )

Amy Klobuchar: artificially keep low the production of oil. i think that there are a number of things to do in the short term. what i'm here to do is talk about the long-term energy future and climate future

Amy Klobuchar

5:26:16 to 5:26:29( Edit History Discussion )

Amy Klobuchar: for this country. in 1944 president franklin d. roosevelt invited members to a resort to discuss the future of the global economy. although the world was locked in a terrible war, these leaders had

Amy Klobuchar

5:26:29 to 5:26:46( Edit History Discussion )

Amy Klobuchar: fresh memories of the great depression, a worldwide pan take had left the world's major economy in tatters and they wanted their countries to emerge from world war ii on a more stable financial

Amy Klobuchar

5:26:46 to 5:26:57( Edit History Discussion )

Amy Klobuchar: footing. over the course of three weeks they created the world bank and the international monetary fund to battle world poverty and to avert currency crisis of the sort that had led to the world-wide

Amy Klobuchar

5:26:57 to 5:27:12( Edit History Discussion )

Amy Klobuchar: economic meltdown in the 1920's and it worked. both the world bank and i.m.f. have had their share of controversies in the last decade, but they succeeded in stablizing the world's financial systems,

Amy Klobuchar

5:27:12 to 5:27:29( Edit History Discussion )

Amy Klobuchar: so that in the ensuing six decades, there has never been a global financial issue comparable to the great depression. i draw on this because today the world faces another grave international threat

Amy Klobuchar

5:27:29 to 5:27:43( Edit History Discussion )

Amy Klobuchar: that demands imagination and leadership. this time the threat is environmental. i'm speaking, of course, of global climate change. the heating of the earth is a threat every bit as grave as the financial

Amy Klobuchar

5:27:43 to 5:27:56( Edit History Discussion )

Amy Klobuchar: catastrophe that threw the world into chaos. global temperatures are up one degree in the last vifnlt that doesn't sound like much. one degree in the last century. but to put it in perspective, they

Amy Klobuchar

5:27:56 to 5:28:12( Edit History Discussion )

Amy Klobuchar: have risen only five degrees since the height of the ice age. the environmental protection agency of this country predicts that temperatures could rise another three degrees to seven degrees in the next 100

Amy Klobuchar

5:28:12 to 5:28:28( Edit History Discussion )

Amy Klobuchar: years. the consequences are frightening, rising ocean levels, which we're already seeing, increased drought, wildfires an destructive weather patterns. the presiding officer knows being from the midwest,

Amy Klobuchar

5:28:28 to 5:28:41( Edit History Discussion )

Amy Klobuchar: our constituents are not concerned about the rising ocean levels, but i can tell you that lake superior was the lowest levels in year. why would that be? lake superior is a lake. when the ice forms on

Amy Klobuchar

5:28:41 to 5:28:53( Edit History Discussion )

Amy Klobuchar: that lake melts quicker, the water evaporates and the -- and the water level went dow why do we care about that? you think, are you going to swim in that cold lake a lot in minnesota? probably not.

Amy Klobuchar

5:28:53 to 5:29:07( Edit History Discussion )

Amy Klobuchar: it matters us to because our barges can't get through and has had a severe economic impact for the barge traffic and the economy in the duluth area. you can see the rising impacts of global warming

Amy Klobuchar

5:29:07 to 5:29:22( Edit History Discussion )

Amy Klobuchar: and what we're seeing across the country increasing wildfire risks. remember the fires that we had this year in california? we had some in northern minnesota as well. decreasing water availablity. that's

Amy Klobuchar

5:29:22 to 5:29:36( Edit History Discussion )

Amy Klobuchar: in 2007. you go up to the 2020's, increased mortality from heat waves, floods and droughts, the 2050's more people facing flooding. you go up if we don't do anything, some profound and very serious

Amy Klobuchar

5:29:36 to 5:29:48( Edit History Discussion )

Amy Klobuchar: consequences.~ weeks ago, president bush gave a speech in the rose garden to a announce a new initiate on global warming. to be per fuctly blunt, i really didn't see -- to be perfectly blunt, i really

Amy Klobuchar

5:29:48 to 5:30:00( Edit History Discussion )

Amy Klobuchar: didn't see anything new in the president's announcement and no initiative that hasn't been discussed before. the president has suggested that we wait until the year 2025 until we even stop the increase in the

Amy Klobuchar

5:30:00 to 5:30:13( Edit History Discussion )

Amy Klobuchar: emissions of greenhouse gases. he did not call for a cut in emissions that was immediate. he did not call for concrete steps to meet the goals. he said it would be unwise to do it at this time. i believe

Amy Klobuchar

5:30:13 to 5:30:27( Edit History Discussion )

Amy Klobuchar: that americans are leaders, not followers. when the world faces a crisis, they don't wait for someone else to go first. our country has always stepped in and taken leadership. when we see a problem

Amy Klobuchar

5:30:27 to 5:30:42( Edit History Discussion )

Amy Klobuchar: in our own backyard -- and my people in minnesota see shrinking wetlands and endangered wildlife; they've seen what's been going on with our ski resorts and ice fishing -- fishing-- they do something

Amy Klobuchar

5:30:42 to 5:30:56( Edit History Discussion )

Amy Klobuchar: about t now now, ow friends across the seas in europe have recognize ed the challenge. they've introduced a plan to cut greenhouse emissions covering 27 countries and they did it using a concept known as cap

Amy Klobuchar

5:30:56 to 5:31:09( Edit History Discussion )

Amy Klobuchar: and trade trade. it was actually started in our country. that's how we reduced acid rain. the european union didn't do everything right. they'll be the first to admit at. they are their emissions

Amy Klobuchar

5:31:09 to 5:31:24( Edit History Discussion )

Amy Klobuchar: targets were too high. they issue ed too many carbon permits. i believe we will learn from what they did and we will do better when we do this in our country. but the point of the matter is that the

Amy Klobuchar

5:31:24 to 5:31:37( Edit History Discussion )

Amy Klobuchar: -- many of these european countries rose to the challenge and took some leadership. here at home, our country's private investors and business leerpds leaders already recognize this challenge. nationally

Amy Klobuchar

5:31:37 to 5:31:49( Edit History Discussion )

Amy Klobuchar: private ventureships have increased dramatically. in 2006 venture capital in investment in green technologies in the united states reached $2. $2.9 billion, up 78% from the year earlier. not only

Amy Klobuchar

5:31:49 to 5:32:01( Edit History Discussion )

Amy Klobuchar: is clean technology the faster-growing venture capital sector, it is now the third- third-largest category of venture capital investment. so when we talk about some of the things that senator dorgan and

Amy Klobuchar

5:32:01 to 5:32:15( Edit History Discussion )

Amy Klobuchar: i have been talk about with energy -- and he mentioned wind -- you know, we invent add lot of that wind technology in our country. but now would've fallen behind in wind production to other countries

Amy Klobuchar

5:32:15 to 5:32:27( Edit History Discussion )

Amy Klobuchar: that had government policy ies in place that pushed that investment. from what i can see, wind is going to bring jobs across our country. so is solar. so is biofuels. all of these things that cut our dependency

Amy Klobuchar

5:32:27 to 5:32:39( Edit History Discussion )

Amy Klobuchar: on foreign oil and invest in the next generation of new technologies. that money is starting to filter into that area, but i think we can do better in our country. c.e.o.'s from major corporations such

Amy Klobuchar

5:32:39 to 5:32:52( Edit History Discussion )

Amy Klobuchar: as dupont, duke energy, and general electric see the opportunities and they're making investments of their own. more than 2 major united states corporations such as american electric power and dupont already

Amy Klobuchar

5:32:52 to 5:33:07( Edit History Discussion )

Amy Klobuchar: have started buying carbon offsets that are now trade ed on the new chicago climate exchange. you can see the global in investments that i talked about in renewable technologies that have been increasing

Amy Klobuchar

5:33:07 to 5:33:19( Edit History Discussion )

Amy Klobuchar: -- wind, solar and other kinds of re renewable technologies. a company subsidizes a project that reduces greenhouse gas pollution. building a wind turbine, for example, then reciewps its in investment by

Amy Klobuchar

5:33:19 to 5:33:31( Edit History Discussion )

Amy Klobuchar: selling that off offset to another company on the chicago ex change. the exchange is new, but a report said it kept 10 million tons of carbon dioxide out of the atmosphere over the last four years. meanwhile,

Amy Klobuchar

5:33:31 to 5:33:43( Edit History Discussion )

Amy Klobuchar: our nation's governors and mayors have also stepped up to the challenge. governors from five western states, including california and arizona have, announce ed that they will work together to reduce greenhouse

Amy Klobuchar

5:33:43 to 5:33:59( Edit History Discussion )

Amy Klobuchar: gases by setting regional targets for lower emissions and establishing a regional cap and trade system for buying and selling greenhouse gas credits. california alone plans to cut its greenhouse gas emissions

Amy Klobuchar

5:33:59 to 5:34:10( Edit History Discussion )

Amy Klobuchar: 25% by the year 2020. the western greenhouse gas initiative builds on other regional initiatives,specially the landmark new england regional gas initiative with seven northeastern and mid mid-atlantic

Amy Klobuchar

5:34:10 to 5:34:22( Edit History Discussion )

Amy Klobuchar: states that have also grades to a regional cap- cap-and-trade system set to stake effect next year. you can see all the states that have been involved in this. in my home state of minnesota, we have one

Amy Klobuchar

5:34:22 to 5:34:35( Edit History Discussion )

Amy Klobuchar: of the most aggressive renewable electricity portfolio standards in the country -- a 25% reduction. we did this on a bipartisan basis, mr. president. we did it with the support of excel energy, our biggest

Amy Klobuchar

5:34:35 to 5:34:48( Edit History Discussion )

Amy Klobuchar: electricity company, and we did it the way we do things in minnesota, which was a focus on results results and getting things donee. leadership -- there's also the u.s. mayors climate protection agreement. more

Amy Klobuchar

5:34:48 to 5:35:05( Edit History Discussion )

Amy Klobuchar: than 400 mayors representing over 59 million americans have pledged to meet or beat the kyoto protocol protocol greenhouse reduction goals among their communities. among the signatories are cities

Amy Klobuchar

5:35:05 to 5:35:18( Edit History Discussion )

Amy Klobuchar: of minneapolis, st. paul, duluth and row chfter rochester. i admire the cities for signing on for the initiative and what they're doing should be an inspiration for this congress for national action.

Amy Klobuchar

5:35:18 to 5:35:33( Edit History Discussion )

Amy Klobuchar: there is a famous phrase "the laboratories of democracy." that's what justice brandeis said in one of his most famous opinions when he described the special roles of states in the federal system.

Amy Klobuchar

5:35:33 to 5:35:47( Edit History Discussion )

Amy Klobuchar: he said -- and i quote -- "it is one of the happy incidences of the federal system that a single courageous state may, if its citizens choose, serve as a laboratory and try novel social and economic

Amy Klobuchar

5:35:47 to 5:36:00( Edit History Discussion )

Amy Klobuchar: experiments without risk to the rest of theo country country." but brandeis did not mean that this would serve as an excuse for an action by the federal government. we have states all over this

Amy Klobuchar

5:36:00 to 5:36:11( Edit History Discussion )

Amy Klobuchar: country -- governors, legislatures -- that have been brave, that have been courageous in taking action on climate change. but never when justice brandeis talked about one state going above the norm,

Amy Klobuchar

5:36:11 to 5:36:24( Edit History Discussion )

Amy Klobuchar: doing something differently did he mean that there should be inaction by the federal government. good ideas and successful innovations are supposed to e emerger in the laboratory and serve as a model

Amy Klobuchar

5:36:24 to 5:36:39( Edit History Discussion )

Amy Klobuchar: for national policy and action. that is now our responsibility in congress. mr. president, in about one month, we will have the chance to take up that responsibility. we'll have the opportunity to vote

Amy Klobuchar

5:36:39 to 5:36:50( Edit History Discussion )

Amy Klobuchar: in this chamber on landmark climate change legislation, the lieberman-warner bill. i thank my colleagues, senator warner and lieberman, for their hard work and i thank our chair chairwoman, senator boxer, for her

Amy Klobuchar

5:36:50 to 5:37:02( Edit History Discussion )

Amy Klobuchar: leadership as this moves forward. we're listening to members making changes to the bill at this moment, doing everything we can to make the bill as strong as possible. the truth is that we can no longer

Amy Klobuchar

5:37:02 to 5:37:16( Edit History Discussion )

Amy Klobuchar: delay. i've been to greenland. i've seen these tremendous ice icebergs melting into the ocean and i've seen the effect of this in my own state. the union of concerned scientist scientists estimates that

Amy Klobuchar

5:37:16 to 5:37:28( Edit History Discussion )

Amy Klobuchar: if we start today and cut emissions by just 4% per year, we could achieve an 80% reduction in greenhouse gas emissions by 2050 2050. but if we wait just ten years, mr. president, we would have to double

Amy Klobuchar

5:37:28 to 5:37:40( Edit History Discussion )

Amy Klobuchar: that annual rate of reductions. mr. president, this is forward- forward-looking, bipartisan legislation. it is comprehensive, and it is carefully taylored. it is our opportunity -- tailor tailored.

Amy Klobuchar

5:37:40 to 5:37:51( Edit History Discussion )

Amy Klobuchar: it is our opportunity to show the leadership for which americans have always been known. every week -- i pledged last week i was going to come to the floor and give a speech about this legislation

Amy Klobuchar

5:37:51 to 5:38:02( Edit History Discussion )

Amy Klobuchar: on different owe expects of expect aspects of why it is so important to move forward on show leadership on climate change. today i think it is obvious as we face these long-term consequences of doing nothing

Amy Klobuchar

5:38:02 to 5:38:15( Edit History Discussion )

Amy Klobuchar: with our energy policy when it comes to electricity or with oil oil, this is our chance. and this climate change legislation will play a role major in developing the new technologies technology

Amy Klobuchar

5:38:15 to 5:38:25( Edit History Discussion )

Amy Klobuchar: that we need.ha a senator: would the senator yield forea question? a senator: thank you very much much. i will yield. mr. dorgan: mr. president, the senator spoke about the importance of renewable energy,

Amy Klobuchar

5:38:25 to 5:38:37( Edit History Discussion )

Amy Klobuchar: which i certainly agree w it is the case with renewable energy that we have done a pretty pathetic job as a country to incentive ize renewable energy. in 1916, i believe, we put in place tax incentives

Amy Klobuchar

5:38:37 to 5:38:50( Edit History Discussion )

Amy Klobuchar: to produce oil and gas. they've been in place permanent permanently for almost a century now. tax incentives to produce oil and gas. by contrast, with wind and solar and renewable energy, we put them

Byron Dorgan

5:38:50 to 5:39:00( Edit History Discussion )

Byron Dorgan: in place in 1992, short- short-term; we extended them short-term five times, let them expire three times. it's just been a pathetic re response to renewables. the current tax incentives expire at

Byron Dorgan

5:38:50 to 5:39:56( Edit History Discussion )
Speech By: Byron Dorgan

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