A National Association of Manufacturers (NAM) white paper response submitted today to the Senate Environment and Natural Resources Committee cautioned against taking steps that may lead to mandatory caps on carbon emissions, stating that such caps would “likely undermine the U.S. economy.”
Referring to a recent NAM study that determined that actions such as mandatory cap and trade proposals for carbon emissions would increase the price of gasoline and diesel by 8 to 9 percent by 2010, NAM Vice President for energy and resources policy Keith McCoy stated that “mandatory caps would be detrimental to manufacturers by driving up the cost of doing business.”
NAM instead called for allowing provisions of the Energy Policy Act of 2005 to take effect, which encouraged alternative energy solutions through the development of advanced energy technologies and initiatives.
NAM to Oppose Carbon Emission Caps
A National Association of Manufacturers (NAM) white paper response submitted today to the Senate Environment and Natural Resources Committee cautioned against taking steps that may lead to mandatory caps on carbon emissions, stating that such caps would “likely undermine the U.S. economy.”
Mar 15, 2006