Democrats PANIC As Blue State Residents HIT BREAKING POINT Over Green New Scam MANDATES BACKFIRING!
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Summary
Takeaways
- ❖New York's Climate Leadership and Protection Act (CLCPA) mandates 70% renewable electricity and 40% emissions reduction by 2030, with state agency NAERTA warning of substantial cost increases for residents and businesses.
- ❖California's Cap and Invest program faces criticism from Chevron, which predicts it will lead to higher gas prices, job losses, and potential refinery closures.
- ❖Governor Kathy Hochul (NY) has acknowledged affordability concerns and is discussing potential changes to climate laws, attributing problems to the pandemic, inflation, and reduced federal subsidies.
- ❖Republicans in both states are calling for the repeal or significant modification of green energy mandates, proposing alternatives like rebate checks and elimination of mandates.
- ❖The host asserts that green energy policies are inherently expensive and unsustainable without federal subsidies, leading to unaffordability in states that embrace them.
Insights
1New York's CLCPA Driving Up Costs
The Climate Leadership and Protection Act (CLCPA) in New York, which mandates 70% renewable electricity by 2030 and a 40% emissions reduction, is projected by the state agency NAERTA to significantly increase costs. This includes a potential $2.23 per gallon increase in gasoline prices and over $4,000 annually in energy bills for upstate New Yorkers. Businesses could face a 13-46% rise in energy expenses.
NAERTA warned that costs could drive gasoline up by an additional $2.23 per gallon and cost upstate New Yorkers in excess of $4,000 a year on their energy bills. Businesses could see anywhere from a 13 to 46% rise in energy expenses.
2California's Cap and Invest Program Threatens Oil Industry
California's Air Resources Board (CARB) is considering an update to its Cap and Invest program, which would impose more aggressive emission limits and reduce allowances for oil companies. Chevron officials warned this proposal would tax in-state producers and refiners, potentially leading to a $1 per gallon increase in gas prices by 2030 and job losses, with a high risk of refinery closures.
Chevron officials warned this proposal will tax instate producers and refiners of oil... it could result in gas prices going up a dollar per gallon by 2030 and job losses across the state.
3Political Blame Game and Proposed Solutions
New York Governor Kathy Hochul acknowledged the affordability crisis stemming from climate laws and is discussing changes with legislators. She attributed problems to the pandemic, inflation, and the Trump administration's reduction of renewable subsidies. Conversely, Republicans in New York proposed a plan for energy relief including $400 rebate checks, utility cost reductions, and the complete elimination of clean energy mandates. Democrats argued that natural gas prices, not climate law, are to blame.
Governor Kathy Hochul has said she's looking at potential changes to New York's climate law, citing concerns of affordability... She blamed the Trump administration for pulling back on taxpayer subsidies for renewables... Republicans also announced that they have proposed a solution... offering $400 rebate checks, reduction to utility costs, as well as a complete elimination to clean energy mandates.
Lessons
- Monitor energy policy developments in states like New York and California, as their outcomes may indicate future national trends regarding green energy mandates and their economic impact.
- Evaluate the financial implications of proposed climate legislation, considering potential increases in fuel and utility costs for both households and businesses.
- Understand the political arguments surrounding energy policy, noting the differing perspectives on causes of high energy costs (mandates vs. market forces) and proposed solutions (subsidies vs. deregulation).
Quotes
"Naerta, the state agency tasked with implementing CLCPA, recently warned that the cost of doing so could drive the price of gasoline up by an additional $2.23 per gallon and cost upstate New Yorkers in excess of $4,000 a year on their energy bills."
"If they add this burden of attacks on our refineries, I I think it's just a matter of time. It's not whether or not they'll close, it's just when."
"If you have to subsidize it with the federal government, right? If it cannot be sustainable without the federal government subsidizing it, that should tell you a lot, right?"
"This isn't a Republican or Democrat issue. This is affecting all the residents. I don't think it's a surprise to anybody that affordability when it comes to energy costs is a real issue right now."
"It's not the climate law that's driving high utility prices. It's it's natural gas prices."
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