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President Biden’s goal is a net-zero economy by 2050. According to an International Energy Agency (IEA) report, to reach net-zero emissions by 2050, governments should refuse to approve any new oil and gas fields, as well as any new unabated coal power plants by the end of 2021, and new sales of fossil fuel boilers […]
Congress may soon consider legislation retroactively extending a raft of expired tax subsidies, known as “tax extenders.” One of those is the wind Production Tax Credit, a multi-billion dollar tax credit that subsidizes wind developers for the electricity they generate. This costly handout raises energy prices, destabilizes the electric grid, and benefits wealthy wind lobbyists […]
Australia’s carbon tax was so disastrous that some of its biggest supporters are hastily distancing themselves from it — and lawmakers in the U.S. should take note. The Sydney Morning Herald reported this week that the democratic socialist Labor Party is officially bailing on support for a carbon tax. Party leader Bill Shorten announced: “We will not […]
WASHINGTON — American Energy Alliance Vice President of Policy Daniel Simmons penned an op-ed for Roll Call titled “Lessons Congress Can Learn from Australia’s Carbon Tax Debacle.” The text of the op-ed follows:“Lessons Congress Can Learn From Australia’s Carbon Tax Debacle” By Daniel Simmons For the past few years, Australia has been lauded by environmentalists as an example other […]
WASHINGTON — Australian Prime Minister Tony Abbott followed through today on a major campaign promise and introduced a bill to repeal Australia’s controversial carbon tax. The carbon tax was a key issue leading up to Australia’s Sept. 7 election in which Abbot defeated Labor Party candidate Kevin Rudd. AEA President Thomas Pyle released the following statement in response to […]
What the hell, it’s only money, right? Daily Caller (1/24/13) reports: “California has been a leader in Renewable Energy production, in part due to federal and state level policies that provide incentives for producers of renewable power. However, a new report found that California’s Energy policies will raise state power rates and associated costs by nearly 33 […]