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McCain calls for Greenhouse gas caps

John McCain, the AZ Republican senator running for President, released excerpts of a speech he plans to give Monday on the dangers of Global Warming the NY Times is reporting.

In the excerpts, McCain calls for a cap on American Greenhouse gas emissions, pointing to a variety of different reasons for doing so. McCain calls it an issue that needs immediate, urgent attention.

He says that with our reliance on foreign oil, we leave ourselves open to vulnerabilities. The speech points to the example of Hugo Chavez, the President of Venezulea at odds with President Bush. He says Chavez has used the income and strength of having an oil-rich country to move his Presidency towards something resembling a socialist dictatorship.

In McCain's speech he favors capping emissions, and giving a financial incentive to companies to curb their emissions.