We need an international solution to the challenge of climate change, there's no question about it. But the real key is, can you actually get that - or get that solution - without the US' involvement? Can you not lead domestically, and expect the rest of the world will take action... the US needs to lead, we need to be out there.
Gina McCarthyIf coal wants a place in a carbon-constrained future, they have to look at technology like this. And we think that our rule can help stimulate technology, growth, and innovation, bring those costs down, and allow coal a more stable opportunity to continue to be invested in.
Gina McCarthyWe are very confident that the data is showing that carbon capture and sequestration is technologically feasible and it's available. It has been successfully demonstrated and there are full-scale both conventional and unconventional coal projects with CCS that are moving forward. So there is no question that there's continued investment in this technology.
Gina McCarthyBut I will tell you that I didn't go to Washington to sit around and wait for Congressional action. Never done that before, and don't plan to in the future.
Gina McCarthyBut just [proposing the standard] puts companies on notice that if you're looking to construct a new natural-gas or coal facility, you really need to pay attention to these. This is what they should be designing new facilities toward as soon as this proposal hits the streets.
Gina McCarthy