President Biden's green energy agenda has hiked gas prices, threatened the stability of the power grid and added $1 trillion in new regulatory costs on businesses and consumers, a new House committee report found.
A coal-fired power plant is silhouetted against the morning sun on July 27, 2018, in Glenrock, Wyo. As he tries to secure his legacy, President Joe Biden has unleased a flurry of election-year rules on the environment and other topics, …President Biden’s green energy agenda has hiked gas prices, threatened the stability of the power grid and added $1 trillion in new regulatory costs on businesses and consumers, a new House committee report found.
The Republican-led panel blamed the high costs on Mr. Biden’s energy policies, beginning on his first day in office when he canceled the permit for the Keystone XL oil pipeline and imposed a moratorium on new oil and gas leases on federal land. “Climate change poses an existential threat, but responding to this threat offers an opportunity to support good-paying, union jobs, strengthen America’s working communities, protect public health, and advance environmental justice,” White House officials announced shortly after Mr. Biden took office.
The Oversight report accuses the Biden administration of distorting the electricity markets by pumping hundreds of billions of dollars in federal subsidies into intermittent renewable energy generation, mainly wind and solar.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden hosts Romanian leader at the White House to celebrate NATO partnershipPresident Joe Biden has hosted Klaus Iohannis, the president of Romania, at the White House
Read more »
Biden hosts Romanian leader at the White House to celebrate NATO partnershipPresident Joe Biden has hosted Klaus Iohannis, the president of Romania, at the White House.
Read more »
Biden hosts Romanian leader at the White House to celebrate NATO partnershipPresident Joe Biden has hosted Klaus Iohannis, the president of Romania, at the White House.
Read more »
President Joe Biden Will Veto Legislation Allowing Financial Firms to Custody Bitcoin: White HouseThis announcement comes amidst debates and discussions in Congress today regarding the regulation and oversight of digital assets.
Read more »
‘Star Wars’ Star Mark Hamill Visits President Joe Biden, White HouseBecca Wood is a news and trending reporter for TODAY Digital based in New York City. Follow her on Instagram and Twitter.
Read more »
President Joe Biden, Mexican President Andrés Manuel López Obrador discuss migration in latest callPresident Joe Biden and his Mexican counterpart, Andrés Manuel López Obrador, spoke on Sunday about cooperating on migration policy. The conversation came as Biden continues to consider whether to take executive action that would crack down on the number of migrants arriving at the southern U.S. border.
Read more »