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Huntsman Corporation CEO Peter Huntsman on the carbon tax bill’s potential impact on U.S. businesses’ competitiveness.
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That's the Russians are blast a -- meter -- Republicans are blasting a global warming bill they just say it is not right period.
California senator Barbara Boxer introducing a bill to tax carbon emissions.
I'm -- -- already seeing resistance but if climate change the law is in past President Obama is promising.
Take matters into his own hands the executive action beyond the CL global.
Chemical powerhouse Huntsman corporation what do you think of that -- Peter did that -- to come to pass this is what the administration.
We'll do we'll just say.
Matters of our -- hands.
We -- know thank you very much for the opportunity do we turn back here show.
Hi I think this would be a real mistake to a guard who we look at legal valid the of the world today so much of what we do.
In North America is dependent upon global markets and if we're going to disadvantage yet again.
US manufacturers.
And in US producers.
I I think the bills like this may sound great at the moment but longer term it will be to continue destruction and I believe offshoring of manufacturing jobs and it's very shortsighted.
I always wondered too whether your war against defeated this carbon tax -- minuet to assume well it's at the end game is to try to.
Make you go toward those who were polluting and then and help.
Clean up these developing countries all.
There are a lot of routes and a lot of greasy palms along the way that somehow that money -- We'll that this bill in particular you're talking about a trillion dollars over -- ten year period one trillion dollars.
You know -- that's almost two billion dollars a week.
That's -- transference of wealth.
That's coming out of the American consumer and I'm I'm not really sure anybody really knows what where this money's going what it is intended to do.
Or Howard did it really cleans up the environment at the end of the day and again.
If if something like this -- passed that -- needs to be on a global basis the Indians Chinese Europeans.
You know did you -- Everybody put our I don't think Chinese get a pass that the Indians get a pass and it's all left to guys like you know on -- -- ones at the disadvantage.
What we're the ones at a disadvantage and and -- -- -- like ours that are international.
We've got options I'm is a global market it's it's it's it's it's on would you do if you move to China.
Well I think we did the same thing that we did a decade ago and we saw natural gas prices -- the company in this country spike -- 400%.
In less than a year.
Many of the chemical the break steel aluminum.
-- ended -- going to markets were they they could compete effectively around the world so do you think Barack Obama is chasing guys like you out.
Certainly isn't giving us any reason to be staying here are but I.
Yeah -- the end of the day I I I really have a difficult time believing that something like this.
Is is even it's even passable facets that's the problem I don't know there's a lot of used to say about a health Carol on everything else.
But Peter Huntsman a real pleasure seeing you again my best to you and your family.
Well thank you very much Peter Huntsman.
