Washington, D.C. – In response to the release of the Consumer Price Index report on inflation, the League of Conservation Voters (LCV) released the following statement from Senior Director of Government Affairs Matthew Davis:
“There’s no question families are squeezed right now by high prices and that is precisely why we need to pass the Build Back Better Act which experts agree will lower costs from energy, health care, childcare and more. Fossil fuels are a huge driver of cost increases – they are volatile and costly – to our health, to our pocketbooks and to our climate – and are vulnerable to climate-fueled extreme weather. The Build Back Better Act will help combat inflation, lower energy costs and protect working families–including by saving the average family $500 a year on their energy bills while reducing air pollution and lowering carbon emissions.
“Just as importantly, the costs of inaction are catastrophic. As NOAA reported earlier this week, there were 20 climate-fueled weather disaster events in the U.S. last year with losses exceeding $1 billion each for a total of $145 billion. We are paying a high price for pollution and climate change, and, if we fail to act, these catastrophic costs will only continue to rise. The most important action we can take right now to address these costs is to pass the overwhelmingly popular Build Back Better Act immediately.”