As we move further into the 21st century, the question of whether to sustain our economy or care for an environment is clearly a false choice. The two can be mutually compatible. No one embraces that fact better than Gina McCarthy. McCarthy is a strong leader, with credentials spanning decades and crossing party lines. She has a proven record of combining environmental protection and economic prosperity.
Energy & Environment
If you ask any American from any state (red or blue): “What do you see as the energy source of the future?” they will answer “green.”
President Obama, not content to have added thousands of pages of regulation and red tape to the federal code in his first term, recently announced that America’s energy and industrial sectors need to be saddled with new regulations including limiting greenhouse gases from new and existing power plants. Other initiatives include new energy efficiency and renewable energy mandates and a continuation of the costly and inefficient renewable fuel standards. This couldn’t have come at a worse time. America needs economic growth and job creation; the President’s plan will only have the opposite effects, while also failing to have any substantial impact on the environment.
More so than any other time in history, Americans are focusing their attention on energy issues. From the president’s recent call to action on climate change to the possibility of finally attaining energy independence by the end of the decade, America appears to be entering a new golden age of energy development - great news for our energy security and economy. But for some policymakers on Capitol Hill, there is a need for a much better understanding that renewable energy is a significant and rapidly growing catalyst driving the American energy transformation.
A quiet campaign to undermine one of the country’s most successful drivers of private-sector energy investment has slowly been gaining steam. Led by Illinois-based utility Exelon, the effort is designed to end public investment in the wind energy industry, while protecting taxpayer handouts to nuclear power and fossil fuels and raising consumers’ electricity prices.
Though the Obama Administration describes its energy policy as “All of the Above,” the country is in reality implementing a very different one: “Let Today’s Commodity Prices Rule.”
Washington’s approach to energy policy is at odds with reality. The right wants to expand oil and gas drilling, ignoring the threat of climate change and the nation’s need to reduce fossil fuel consumption. The left wants to quickly transition to a clean energy future to address climate change, overlooking the fact that clean energy is not yet cost and performance competitive with fossil fuels. The result is underfunded support for clean energy, perpetual bickering over drilling policy, and rising concentrations of greenhouse gases.