The Result of Inaction August 18, 2010 : 2:37 PM

The failure of Congress to act is already costing our nation billions of dollars:

“Alternative energy investment prospects have shriveled in the United States after the U.S. Senate was unable to break a deadlock over tackling global warming, a Deutsche Bank official said.”

"You just throw your hands up and say ... we're going to take our money elsewhere," said Kevin Parker in an interview with Reuters.”

“Parker, who is global head of the Frankfurt-based bank's Deutsche Asset Management Division, oversees nearly $700 billion in funds that devote $6 billion to $7 billion to climate change products.”