it makes no sense for the U.S. government to keep selling fossil fuels as the climate crisis worsens.Pumpjacks work an oil field near Lovington, N.M., in the Permian Basin.
“This year, New Mexico’s state budget is expected to be $7.3 billion. Thirty-nine percent of that is funded directly from oil and gas revenue,” said Rob Black, president of the New Mexico Chamber of Commerce. “It’s funding our education system. It’s funding our public healthcare system during a pandemic. And it is essential for us to be able to balance the budget.”The potential for economic harm is real. But fossil fuel advocates leave out several key points.
Fossil fuel proponents also ignore the potential for renewable energy to replace at least some of the lost economic activity.by the Rocky Mountain Institute, a Colorado-based think tank, estimates that wind and solar farms could generate nearly $11 billion in annual benefits for rural areas nationwide over the next decade. Biden has pledged to create millions of good-paying clean energy jobs, and his executive order includes a commitment to invest in fossil fuel communities.
A related point: The fossil fuel industry’s arguments assume that demand for oil and gas will stay the same or possibly rise, even as Biden and state and local officials adopt policies to shift the country from oil-fueled cars to electric vehicles, from gas-fired power plants to renewable resources and from gas furnaces to electric heat pumps.
Biden’s order doesn’t touch existing leases, meaning oil & gas extraction is poised to continue on public lands for decades. And as the Associated Press reported earlier this month, the Trump administration sold more oil and gas leases than ever during its final months in power,
Thats Bullshit.
No
I heard the easter bunny was coming early this year, is it true? What sort of crap reporting is this?
Many countries are making plans to stop using gas or diesel automobiles. Oil will become less relevant in the near future. Now is the time to research and improve green technology.
no❤️
It makes sense for them, as the limitation on drilling will create a relative shortage. And, if they are smart, they are investing in green energy. = Democracy is about caring It is not fascism.
No, they're not serious. Look at the nonsense in North Dakota. Detailed in the novel. An anti-fracking tome for our time. RobertDowneyJr
Well now that GM is phasing out gasoline powered cars, maybe they’ll get the message
No
Sammy_Roth Man made climate change is fake, dude. But, you know, you tell a big enough lie over and over...
Sammy_Roth In other news: water, wet.
Sammy_Roth 'The automobile industry seems unwilling to support cheap & easily accessible monorail systems. The medical industry seems reluctant to promote lower med prices & chargemaster protocols. The TV broadcast industry seems unwilling to support free streaming services.'
Sammy_Roth Typically people don’t root for their livelihoods to be destroyed. PRINT THAT BABY!