Elizabeth Warren highlighted the threat of climate change and called for regulations to rein in corporate polluters during a speech Monday delivered to an audience of climate and labor activists at the Good Jobs, Green Jobs conference in Washington.
"A lot of people think that regulations bring higher costs," Warren said. "But regulation is also about making sure that someone doesn't get to beat out the competition because they're dumping filth in the river or spewing poisons in the air."
Warren warned that if corporations are not properly policed, the cost of doing business will be borne by "children who can't drink the water."
The senator also slammed major oil companies, including ExxonMobil, Shell, Chevron, BP, and ConocoPhillips for pulling in "combined profits of 90 billion dollars" in 2014 while the industry "sucked down $5 billion in subsidies from the American people."
Warren called for an end to tax loopholes and subsidies that benefit mega-corporations, saying that those billions should be used for investment in infrastructure, education, and "scientific research that could lead to energy breakthroughs."