October 4, 2022

Market and Financial News

Market and Financial News Aggregator

House Republicans’ energy and climate plan pushes fossil fuels, hydro

2 min read

U.S. House Minority Leader Rep. Kevin McCarthy (R-CA) speaks as House Minority Whip Rep. Steve Scalise (R-LA) and Rep. Lauren Boebert (R-CO) listen during a news conference at the U.S. Capitol May 11, 2022 in Washington, DC.

Alex Wong | Getty Images

Republicans this week introduced a road map describing how they would mitigate rising gasoline prices and address climate change if the party wins control of the House of Representatives in the November midterms.

The plan arises from the energy, climate and conservation task force established last year by House Minority Leader Kevin McCarthy, R-Calif., and involves proposals that run counter to the warnings of climate scientists.

The strategy provides a broad overview of how the party would address high energy prices but doesn’t set specific greenhouse gas emission targets. It calls for ramping up fossil fuel production and liquefied natural gas exports, as well as streamlining the permitting process for major infrastructure projects, according to The Washington Post, which first reported the plan.

The agenda also endorses legislation to expand hydropower, one of the oldest and largest sources of renewable energy, and condemns policies that increase U.S. demand for critical minerals mined from China, which are necessary for electric vehicle and renewable energy production. In a document introducing the road map, House Republicans cited Department of Energy statistics showing that only 3% of the more than 80,000 dams in the U.S. currently generate electricity.

“If Republicans earn back the House majority in the fall, we will be ready to enact that strategy and ease the suffering of working Americans’ wallets,” Rep. Garret Graves, R-La., the task force chair, wrote in a blog post.

Climate scientists have warned the world must dramatically reduce fossil fuel production to avoid the worst consequences of climate change. A recent report from the Intergovernmental Panel on Climate Change said that limiting global…



2022-06-03 15:58:29

All news and articles are copyrighted to the respective authors and/or News Broadcasters. VIXC.Com is an independent Online News Aggregator


Read more from original source here…

Leave a Reply

Copyright © All rights reserved. | Newsphere by AF themes.