Climate change is real, and man-made emissions are indeed having an impact. However, many of the subsidies and regulations being proposed are costly and ineffective, benefiting the well-connected rather than the planet.
Take President Joe Biden’s expected moratorium on new oil and natural gas leases and drilling permits on federal lands. Western and Gulf Coast states, which rely on energy development for their economic life, would suffer. The decision would result in less supply, fewer jobs and less revenue coming into these states — money used to fund everything from public schools to conservation efforts.
Read Full Article »