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Federal Update on Manufacturing   Six utilities warn Congress that aggressive attempts to reduce greenhouses gases could ruin the economy  March 21, 2007 On Wednesday, Al Gore made headlines for his testimony on climate change, but perhaps a more enlightening discussion occurred in the House Subcommittee on Energy and Air Quality, where chief executives from six electric utilities warned that price hikes and nationwide job losses would result from an aggressive attempt to reduce greenhouse gasses. National Association of Manufacturers (NAM) Board member Michael Morris (American Electric Power) said, “AEP is not calling for an infinite delay until advanced technology such as carbon capture and storage is developed…it is essential that requirements for deeper reductions coincide with commercialization of advanced technology.” Earlier this month, the subcommittee also heard from executives of Ford, Toyota, General Motors and DaimlerChrysler. Rick Wagoner (GM), said his firm is open to new approaches, but added, “the devil is in the details.” Chair Rick Boucher (D-VA) pledged to minimize economic impact in any bill his subcommittee advances. Also on Wednesday, the NAM submitted a letter in response to an inquiry from House Energy and Commerce Committee Chair John Dingell (D-MI) outlining key elements that Congress should include in climate legislation. The comments focus on the necessity of rigorous economic analysis to avoid harm to U.S. industry, federal pre-emption of state action, the importance of technology-based solutions and coordinated international action to a global issue. Contact: Phone or e-mail: NAM update archive www.nam.org