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Senate Proceeding on Dec 11th, 2009 :: 5:18:55 to 5:31:10
Total video length: 9 hours 44 minutes Stream Tools: Stream Overview | Edit Time

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Susan Collins

5:18:52 to 5:19:13( Edit History Discussion )

Susan Collins: and help protect consumers for the future. i thank the president, d i yield to my colleague. ms. collins: madam president? the presiding officer: the senator from maine. ms. collins: thank you, madam president. first, madam president, let me ask unanimous consent that my entire the record as if read. the presiding officer: without ms. collins: thank you, madam present.

Susan Collins

5:18:55 to 5:31:10( Edit History Discussion )
Speech By: Susan Collins

Susan Collins

5:19:14 to 5:19:34( Edit History Discussion )

Susan Collins: madam president, i am pleased to join my colleague from washington state, senator cantwell, in introducing what i believe to be landmk legislation, and energy for -- or "clear" act.

Susan Collins

5:19:35 to 5:19:55( Edit History Discussion )

Susan Collins: let me commend the senator for her leadership on this important issue. madam president, one of the most appealing parts of this bill is it takes a fresh look at the issues that are facing our country in the area of developing alternative energy,

Susan Collins

5:19:56 to 5:20:16( Edit History Discussion )

Susan Collins: promoting energy independence, and addressing climate change, the need our economy. indeed, this bill addresses the most significant energy and environmental challenges that we face. it would help to reduce our

Susan Collins

5:20:17 to 5:20:38( Edit History Discussion )

Susan Collins: dependence on foreign oil, promote alternative energy and energy conservation, and advance the goal of energy independence for our nation. the costs of gas and oil impose a great burden on many americans, living in

Susan Collins

5:20:39 to 5:20:59( Edit History Discussion )

Susan Collins: like the state of maine. high gasoline prices have a disproportionate impact on mainers who often have but their jobs, grocery doctors' offices. this lessens the

Susan Collins

5:21:00 to 5:21:21( Edit History Discussion )

Susan Collins: that they have to spend on other necessities. in addition, madam president, 80% of mainers heat their homes with home heating oil. that is one of the highest percentages in the nation. so the state of maine is one of the

Susan Collins

5:21:22 to 5:21:44( Edit History Discussion )

Susan Collins: foreign oil of any state in the nation. our nation must work together comprehensive long-term actions that will stablize gas and oil prices, help to prevent energy shortages, avoid those spikes when we're held hostage to

Susan Collins

5:21:45 to 5:22:05( Edit History Discussion )

Susan Collins: foreign oil, and achieve national energy independence. this effort will require a stronger commitment to renewable energy sources such as wind energy, as well as energy efficiency and conservation. the development and implementation of these new approaches to environmental

Susan Collins

5:22:06 to 5:22:27( Edit History Discussion )

Susan Collins: stewardship and energy independence will also provide a powerful stimulus to our economy and the creation of green jobs. and, madam president, like my colleague, i want the united states to lead the way on green technology, not lose our edge to

Susan Collins

5:22:28 to 5:22:48( Edit History Discussion )

Susan Collins: china, for example. in addition to advancing these goals, the "clear" act is the fairest climate change approach from the perspective of consumers because it would rebate 75% of the proceeds

Susan Collins

5:22:49 to 5:23:09( Edit History Discussion )

Susan Collins: generated by the cap emissions directly to citizens. i think that is a tremendous advantage of this bill alternative approaches, such as the cap-and-trade bill. i also colleague from whington state

Susan Collins

5:23:10 to 5:23:32( Edit History Discussion )

Susan Collins: about the abuses that we have seen in energy and agricultural markets when speculators are allowed to participate in the market. that's why in our bill, which imposes an upstream carbon, only the producers are

Susan Collins

5:23:33 to 5:23:53( Edit History Discussion )

Susan Collins: allowed to participate in the trading. i think that approach that will guard against market excessive speculation. madam president, in the united states alone, primary greenhouse gas, carbon

Susan Collins

5:23:54 to 5:24:15( Edit History Discussion )

Susan Collins: dioxide, have risen more than 20% since 1990. clearly, climate change is a daunting environmental challenge, but solutions that do not impose a heavy burden on our economy, particularly during these difficult economic times.

Susan Collins

5:24:16 to 5:24:36( Edit History Discussion )

Susan Collins: and that's why many a pleased to join -- and that's why i'm pleased to join as the lead protect consumers and industries that could be hit with higher energy prices. we must recognize that many o our citizens are struggling to

Susan Collins

5:24:37 to 5:24:57( Edit History Discussion )

Susan Collins: afford their monthly energy bills now and cannot dramatically higher prices. we also must produce legislation that would provide predictability in the price of carbon emissions so that businesses can plan, invest, and

Susan Collins

5:24:58 to 5:25:19( Edit History Discussion )

Susan Collins: create good jobs. climate change legislation should encourage the adoption of energy-efficiency measures and the further development of renewable energy. madam president, i'm very excited about the possibilities for the state of maine because of its immense potential to

Susan Collins

5:25:20 to 5:25:40( Edit History Discussion )

Susan Collins: develop offshore wind energy. estimates are that the development of five gigawatts of offshore wind in maine would be enough to power more than one million homes for a year. it could attract $20 billion of investment to thetate of maine

Susan Collins

5:25:41 to 5:26:01( Edit History Discussion )

Susan Collins: and create more than 15,000 green-energy jobs, jobs that are desperately needed in our state. the "clear" act would help to achieve all of those goals. madam president, i could not support the bill that was passed to deal with climate change by the ho

Susan Collins

5:26:02 to 5:26:22( Edit History Discussion )

Susan Collins: let me just read a couple of the descriptions of that bill. "the new york times" described it as -- quote -- -- quote -- "backed with compromises, carve-ou carve-out kszs, concessions, and out-and-out gifts." "the washington post" described

Susan Collins

5:26:23 to 5:26:46( Edit History Discussion )

Susan Collins: it as having pollution credits and revenue that were divvied up to the advantage of politically favored polluters. i do not believe this bill, which is a monstrosity, can garner the the senate.

Susan Collins

5:26:47 to 5:27:09( Edit History Discussion )

Susan Collins: the "clear" act, by contrast, would help to move a debate forward by offering a fairer, a more efficient and a straight approach. you have only to look at our bill. it is 39 pages long compared to 2,000 pages of the house-passed bill.

Susan Collins

5:27:10 to 5:27:31( Edit History Discussion )

Susan Collins: madam statement goes into detail on how the bill would work. and i hope that my will look closely at it. but let me just talk about one part, and that "clear" act, 75% of the carbon

Susan Collins

5:27:32 to 5:27:52( Edit History Discussion )

Susan Collins: auction revenues would be returned to consumers as tax-free rebates. they wouldn't be lost to speculation billion dollars of fees every year street.

Susan Collins

5:27:53 to 5:28:13( Edit History Discussion )

Susan Collins: no, 75% of those revenues would be returned on a per basis to consumers. and that means that 80% of americans would incur no net new costs under the "clear" act. the average mainer would stand

Susan Collins

5:28:14 to 5:28:35( Edit History Discussion )

Susan Collins: to actually gain $102 per year fr and i can tell you, mainers would welcome that. it would help them winterize their homes, meet their energy bills, invest in energy conservation and efficiency, or just have a little mo get by. by contrast, under the

Susan Collins

5:28:36 to 5:28:56( Edit History Discussion )

Susan Collins: house-passed cap-and-trade bill, the avera citizen in this country would experience a net cost increase of boy, that is a big difference, and a big advantage of the cantwell-cal l collins

Susan Collins

5:28:57 to 5:29:17( Edit History Discussion )

Susan Collins: what about the other 25% of the auction revenues? what we would propose is that those would go to a trust fund to fund research and development, to provide incentives for and agricultural practices that

Susan Collins

5:29:18 to 5:29:39( Edit History Discussion )

Susan Collins: sequester carbon, to encourage practices that reduce greenhouse gases, to help energy-efficient, energy-intensive manufacturers, and consumers. that fund would be called "the clean energy reinvestment trust," the

Susan Collins

5:29:40 to 5:30:03( Edit History Discussion )

Susan Collins: would be subject to the annual appropriations process so that congress for climate-related being activities rather than being locked into a complicated allocation scheme that may well favor interests. madam president, i am excited about this bill.

Susan Collins

5:30:04 to 5:30:24( Edit History Discussion )

Susan Collins: it offers us a way forward to a green economy. it will help create jobs. it will alleviate the burden on consumers and particularly in new england where the officer and i live as well as the northwest. it makes sense. it is a commonsense approach,

Susan Collins

5:30:25 to 5:30:47( Edit History Discussion )

Susan Collins: and i hope my colleagues will consider joining the senator from washington and important legislation. and again, i want to commend senator cantwell's leadership. she has done a great deal of work to come up with this approach, and i'm excited to be joing her in this effort.

Susan Collins

5:30:52 to 5:31:06( Edit History Discussion )

Susan Collins: thank you, madam president. madam president, i would the absence of a quorum. the presiding officer: the clerk will call the roll.

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