Mark my words, President BushÂs new nominee for Treasury Secretary, Goldman Sachs Chairman Henry M. Paulson Jr. will not last 12 months. The big problem: he seems to live in the reality based community. You don't have to read between the lines of this Think Progress post
to know that this guy is going to be a bad fit. Treasury Secretary Nominee Says Failure To Ratify Kyoto Undermines U.S. CompetitivenessPresident BushÂs new nominee for Treasury Secretary, Goldman Sachs Chairman Henry M. Paulson Jr., not only endorses the Kyoto Protocol to limit greenhouse emissions, but argues that the United StatesÂ failure to enact Kyoto undermines the competitiveness of U.S. companies. HereÂs a statement from the Nature Conservatory, where Paulson serves as chairman of the board:
The Kyoto Protocol is a key first step to help slow the onslaught of global warming and benefit conservation effortsÂ
Until the United States passes its own limits on global warming emissions, innovative companies based here will lose out on opportunities to sell reduced emission credits to companies complying with the Kyoto Protocol overseas. Additionally, without enacting our own emission limits, U.S. companies will lose ground to their competitors in Europe, Canada, Japan, and other countries participating in the Protocol who are developing clean technologies.
Goldman Sachs, under PaulsonÂs leadership, argued that the danger from global warming is imminent and requires ÂurgentÂ action by government to reduce emissions:
[C]limate change is one of the most significant environmental challenges of the 21st century and is linked to other important issues such as economic growth and developmentÂ