In 100% of the situations, good environmental policy is identical to good economic policy – if we want to measure our economy, and this is how we ought to be measuring it, based upon how it produces jobs and the dignity of jobs over the generations, how it preserves the values of the assets of our community and how it averts the catastrophe of global warming.

If, on the other hand, we want to do what they’ve been urging us to do on Capitol Hill which is to treat the planet as if it were a business in liquidation, convert our natural resources to cash as quickly as possible, have a few years of pollution based prosperity, we can generate an instantaneous cash flow and the illusion of a prosperous economy. But our children are going to pay for our joyride with denuded landscapes, with poor health, with huge cleanup costs and with climate chaos which is going to amplify over time and that they will never be able to pay.

Environmental injury is deficit spending. It is a way of loading the costs of our generation’s prosperity on to the backs of our children. Climate change is upon us. Its impacts are going to be catastrophic and we are causing it. The good news is, we have the scientific and technological capacity to avert its most catastrophic impacts. We only need the political will.

If we raise fuel economy standards in our automobiles by one mile – we generate twice the amount of oil that is in the Arctic National Wildlife Refuge. If we raise fuel economy standards by 7.6 miles per gallon we yield more oil than we now import from the Persian Gulf. We can eliminate 100% of Persian Gulf oil.

Think about what that would do for our economy, for our foreign policy, for our global leadership, it would dramatically improve our balance of payments, reduce our national debt and make all of us more prosperous and more independent and spare us from wars in the Mid-East that are costing us, already, a trillion dollars and from entanglements with Mid-Eastern dictators who despise democracy and are hated by their own people.