The U.S. Senate on Sunday passed a $740 billion new taxing and spending bill that seeks to combat climate change and allow the government to control the price of prescription medications, among other things.
No Republicans voted for the bill, named the Inflation Reduction Act of 2022, in the divided 50-50 Senate, forcing Vice President Kamala Harris to break the tie. The measure must return to the House for a concurrence vote after senators passed several amendments Sunday. The House is expected to take the bill up again on Friday. If the House concurs, President Joe Biden has indicated he will sign it.
You’d think after achieving $5 a gallon nationwide gas prices and gutting domestic oil and gas producers, America’s environmental extremists would be elated and emboldened. But President Joe Biden’s energy policy is so incoherent, even Green New Deal socialists are frustrated, according to reporting by Politico’s Zack Colman.
“The climate advocates who cheered President Joe Biden’s arrival at the White House last year are preparing to give up on Washington,” Colman writes. “Instead, environmentalists and many of their Democratic allies are starting to shift their focus to state capitals as the places to press for action on climate change — going back to a strategy that they employed with some success during the Trump era.”
Without sufficient support in Congress and state legislatures to pass sweeping green energy measures, environmentalists are now targeting the oil and gas industry through a financial movement that pressures companies to support liberal policies, according to critics.
“ESG promotes and implements policies through private businesses that could be adopted through a legislative process,” said Utah Treasurer Marlo Oaks. “The Green New Deal didn’t make it through Congress, so its proponents shifted the battlefield to the capital markets.”
The left-wing assault on American energy was just dealt a swift defeat by the United States Supreme Court. And President Donald Trump’s confirmations to the bench paved the way for it to happen.
Never in my life would I think that gas prices would rise so steeply in such a short period of time that stations would run out of space on the pump screen to display the price. But the Biden Administration’s assault on American energy is simply unprecedented. They will try to pass the blame, but the American people know what’s happening. Green New Deal advocates are pushing for a great energy reset in America, and they don’t care how much it hurts you.
Last week, Michigan Democrat Sen. Debbie Stabenow bragged that on her way to Washington, D.C. she drove past “every single gas station” in her brand-new electric vehicle “and it didn’t matter how high [gas] was.” Apparently, Stabenow’s message to Americans struggling to afford their commute to work and school is to buy an expensive electric vehicle. For Americans – and especially Michiganders like me – Stabenow’s comment is as unhelpful as it is condescending. But Stabenow isn’t the only Democrat embracing a “let them eat cake” attitude. Climate activists are hurting Americans with their green agenda.
The Biden administration has made EVs a pillar of its anti-U.S. energy agenda. Last year, Joe Biden set a goal that by 2030, half of the vehicles sold in the country would be EVs. More recently, Biden pledged to use taxpayer dollars to build EV charging stations across America. And just a few weeks ago, Transportation Secretary Pete Buttigieg suggested that families anxious about rising gas prices should just buy an EV, which have an average price tag of more than $60,000. Meanwhile, in more than a dozen states and the District of Columbia, drivers are paying more than $5 for a gallon of gas. Painfully high fuel prices aren’t an accident. They’re the momentum driving Biden’s energy “transition.”
Democrats are increasingly looking to force their climate agenda through the federal bureaucracy rather than go through Congress, experts said, due to lack of support for their environmental reforms.
The Biden administration has unveiled sweeping regulations affecting home appliances, building standards, fuel economy and government-backed projects including infrastructure during its first 15 months in power. Experts have slammed the myriad federal rules, saying they will lead to higher prices, hurt consumers amid soaring inflation and mainly serve as a backdoor for broad environmental restrictions.
The White House said Americans should pay higher taxes to ensure a rapid green transition away from fossil fuels in a report on President Joe Biden’s economic record.
The federal government can encourage such a shift through carbon taxes or a cap and trade system forcing an emissions limit on companies, said the Council of Economic Advisers (CEA) report released last week. The White House added that consumers would continue purchasing “artificially inexpensive, carbon-intensive goods” without proper government policies in place.
A group of 40 House Republicans sent a letter to the Securities and Exchange Commission (SEC) Monday, urging the agency to rescind a regulatory proposal forcing companies to disclose “climate-related risks.”
The Republicans, led by House Oversight Subcommittee on Environment Ranking Member Ralph Norman, slammed the financial regulator, saying it exceeded its congressionally-mandated authority in issuing the climate rule, in the letter obtained exclusively by the Daily Caller News Foundation. The lawmakers added that the rule was especially inappropriate given the ongoing energy crisis.