Statement of EDF President Fred Krupp on Speaker Pelosi

“We applaud the Speaker’s plan to bring cap and trade legislation to a vote in the House in 2009. Now is precisely the time for a bill that would reduce our oil dependence, secure our climate, and give a boost to American manufacturing.

 
“The cap creates customers, and if there was ever a time U.S. companies needed customers for new technologies, at home and abroad, it is now.  President Obama and Congress are moving swiftly to build America’s new energy industry, and a cap will ensure that there are buyers ready to make it thrive.
 
“We look forward to working with Speaker Pelosi, Chairman Waxman, and the Obama administration to pass a cap and trade bill that is environmentally effective and economically smart. The speaker’s commitment to bring a bill to the floor by December is a huge step toward that goal.”
 
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Environmental Defense Fund, a leading national nonprofit organization, represents more than 500,000 members. Since 1967, Environmental Defense Fund has linked science, economics, law and innovative private-sector partnerships to create breakthrough solutions to the most serious environmental problems. For more information, visit www.edf.org.

One of the world’s leading international nonprofit organizations, Environmental Defense Fund (edf.org) creates transformational solutions to the most serious environmental problems. To do so, EDF links science, economics, law, and innovative private-sector partnerships. With more than 3 million members and offices in the United States, China, Mexico, Indonesia and the European Union, EDF’s scientists, economists, attorneys and policy experts are working in 28 countries to turn our solutions into action. Connect with us on Twitter @EnvDefenseFund