Speaker Nancy Pelosi released the following statement this afternoon announcing plans to create a Select Committee on Energy Independence and Global Warming in the U.S. House of Representatives:
"Later this afternoon, the House will pass legislation that ends taxpayer-funded subsidies for Big Oil and creates a Strategic Energy and Renewables Reserve. For America to be safe and strong, we must take further decisive action now to free our country of its dependence on foreign energy sources and to confront the rising tide of global warming.
"Today, I am proud to announce plans to create a Select Committee on Energy Independence and Global Warming to raise the visibility of these urgent issues and gather critical information to protect America's security. The Select Committee will not have legislative jurisdiction, but will help develop information that will help us give these issues the legislative priority they demand.
"I am asking the committees that have jurisdiction over energy, environment and technology policy to report legislation on these issues by June. We hope to have legislation on global warming and energy independence through the committees by July 4th, so that this year, Independence Day is also 'Energy Independence Day.'
"The science of global warming and its impact is overwhelming and unequivocal. We already have many of the technology and techniques that we need to reduce global warming pollution, and American ingenuity will supply the rest. With this new Select Committee, we demonstrate the priority we are giving to confront this most serious challenge.
"Now is time to act; the future of our country, indeed our entire planet, is at stake."