Joe Biden spent much of the 2020 presidential campaign talking about his plans to combat “climate change” in order to save the planet and its environment. But his grand plans to usher in cleaner burning and “green” energy have morphed into a much different reality since taking office.
Take for example his recent ban on new oil and gas leases on federal land. An abundance of natural gas in the United States has led to a rise in electricity generated by the fuel, which in concert with renewables has helped lead to a 33% reduction in carbon emissions in the power sector over the last 15 years. Not only that, but natural gas fired power plants also serve as a crucial backstop to ensure reliability on the grid for intermittent sources of renewable energy. Cutting off this important supply of energy will threaten to undermine much of the progress that has been made to date in generating cleaner electricity.
Read Full Article »