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Waxman-Markey Energy & Climate Legislative Hearing: Steven Chu

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Uploaded by on Apr 23, 2009

Steven Chu, Secretary of the US Department of Energy, testifies during hearings on the Waxman-Markey energy and climate legislation, "The American Clean Energy and Security Act of 2009". The hearings were held by the joint Energy and Commerce Committee and the Subcommittee on Energy and the Environment

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  • Forcing electricity providers to commit to a reduction of 17 percent below 2005 levels by as early as 2020 will require electricity providers to make almost immediate investment decisions to meet the compliance deadline. Whats the result? The switch to higher priced fuels could undermine the long-term success of the program and leave consumers holding the bill—for decades.

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