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.

With more than 3 million members, Environmental Defense Fund creates transformational solutions to the most serious environmental problems. To do so, EDF links science, economics, law, and innovative private-sector partnerships to turn solutions into action. edf.org