If you look at the progress that manufacturers have made already—and they've achieved a 9% reduction of greenhouse gas emissions since 1990—it's all been based on the investments they've been making in new technology and capital turnover. That's why our recommendations, particularly to extend the two-year writeoff for a period of at least five years, provide to especially the large capitalized energy-intensive sectors the incentive they need to make these investments to reduce emissions.
On October 6th, 2010. See this statement in context.