Governor Christine Todd whitman under governors bush. Rightly isle william an epa administrator under the president george h. W. Bush and worked to amend the clean air. Ct to control acid rain dr. Daniel botkin. The honorable louvre strange Luther Strange is alabamas attorney general. I welcome a colleague here. And dr. Joseph mason is a junior louisiana bancorps association in doubt professor of banking at Louisiana State university and senior fellow at the wharton school. I welcome our panel. We will begin with the honorable dr. Thank you, senator whitehouse and other members of the subcommittee for convening this panel on the matter of enormous importance. I am pleased to be here and reassure some of you i am still alive. It is several months ago after speaking to former epa administrator sitting in front of you, we were convinced by the overwhelming verdict of scientists the earth was warming. And we humans are the only controllable contributors. Given those facts, we all signed an
Hurricane irene and Tropical Storm lee which cut a path of destruction across the northeast. These major Tropical Storms in new york over a twoyear period, daisy huge issue we have to face. Century asf the simply the common the storm of the year. It is not just the stores themselves costing the destruction. Sea levels rise and unthreatening search effects meeting that homes sought to be safe for centuries are now at a greater risk of flooding. Those who deny the Climate Change is real often talk about reducing Carbon Emissions. Costst await those against the cost of inaction. Inaction on Climate Change will cost the federal government and our taxpayers billions and billions and billions of dollars. We have already seen the Superstorm Sandy cost of more than 60 billion. Costtion on Climate Change homeowners who live in coastal communities and their Flood Insurance through his have gone up with sea levels rising. Fema flood maps released show an expansion of new york citys floodplains by