That are still taking place. The issue has been settled. The epa does have the Authority Bill in. The Supreme Court has said so twice. That matter believe should now be put to rest. Given that fact the agency has decided properly in my view that it should act now to reduce Carbon Emissions improve the quality of our air protect the health of our people and is part of an effort to address Global Climate change. The United States Climate Change is not just environmental issue or an economic issue. Climate change also has very real implications for our National Security and those concerns must be an important part of any discussion that takes place. My hope, however, is that the primary focus will be on the substance of the proposed rule and not epa brought authority to promulgate. That being said, it is clear that the act as it now stands is an imperfect tool to address the unique challenges that Climate Change presents. Congressional action and leaders would be a preferable approach, bu
In world markets, and it there are two things that you have to notice. There is already a market developed market developed not only to argue against taking action with respect to carbon but a market developed in setting up these financial trading desks that trade carbon that want to lobby to undertake this option. It is a strong and a large industry right now, and there are Interest Groups pushing for this as a solution that, in fact, will not work. Senator. Thank you, mr. Chairman. I am going to go to the epa administrators. Thank you for your service. I have a chart of u. S. Gdp since the Great Depression in 1929. President johnson signed the first Clean Air Act into law in 1963. It was amended in 1970 and 77 as indicated on the chart. I would just like to get a quick answer from each of you. As gdp gone up or down since each of these clean air senator, it has gone up. Thank you. Governor . I cannot disagree with that. It is fact. The Clean Air Act amendment that we were responsible
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