Al Gore said at today’s hearing that the cost of global warming legislation would be, at most, $0.30 per day — about the “cost of a postage stamp per day,” he said. He then said that global warming regulation could even save people money.
Rep. Greg Walden (R-WI) pointed out that Al Gore’s estimate came from an EPA report that assumed that nuclear power would grown by 150 percent — but nuclear power is not mentioned in the Waxman-Markey bill, which is the subject of the hearing.