Dammit I made it too late to the post to mention the absurd solar panel tariff that preceded this because “muh China bad”
It won’t be as bad as the domestic chip production, but this stuff is gonna get wasted just like the totally 100% legit for real this time national rail program 2 electric boogaloo.
This is undeniably good and I would like to see more. I would really like to see the federal government seriously look at the issues with power transmission and storage as those are the main hold ups in green energy right now and a lot of that is regulatory hurdles.
We could pretty easily hit all of our renewable goals in 5 years if power transmission projects didn’t constantly get bogged down in NIMBY lawsuits.
I am not saying that the apparatus of government should be used to run roughshod over people with concerns about this, but we cannot let individuals stop vital infrastructure projects.
That’s less than a quarter of what we waste annually on fossil fuel subsidies. And this is a president whose administration considers record oil production to be an accomplishment instead of a disgrace.
Why are they record high? The Trump administration dialed back Obama-era regulations targeting industry pollution and encouraging zero-emission competitors to fossil fuels.
It’s three years old, because it’s a list of regulations that Trump repealed. He hasn’t been president since, so there’s no reason to update. Trump repealed Obama-era regulations that inhibited big oil in favor of zero-emission alternatives. That has a positive impact on oil production in the years that follow, hence the record production.
He has been, but it’s much easier and faster to repeal legislation than it is to enact it. Trump took us back a decade in his first two years in office.
That’s part of the Inflation Reduction Act. In the Treasury Department’s Green Book, under the heading “eliminate fossil fuel tax preferences,” 13 current-law provisions will be repealed or replaced, raising $31 billion over 10 years. Additionally, the document details $66 billion of tax increases on the foreign income of U.S. oil and gas companies, costing the industry $97 billion.
I agree that Willow was a disappointment at first. They had existing leases, so they would’ve gotten the license with a subsequent lawsuit regardless. As part of the license agreement, the lease was reduced by a third, and they were required to forgo 68,000 acres of existing leases, which Biden recently included in the new 13 million acre reserve. Overall it was a big step back, and a bigger step forward.
In regards to climate change, the amount of oil extracted is not as impactful as the amount of land reclaimed. Each drilling site leased creates more CO2, and endangers more wildlife.
7 billion would go a lot further with Chinese panels
Unfortunately:
The Biden administration is expected to grant a request by South Korea’s Hanwha Qcells to reverse a two-year-old trade exemption that has allowed imports of a dominant solar panel technology from China and other countries to avoid tariffs, two sources familiar with the White House plans said on Wednesday.
This isn’t a quick one and done small project. This is a massive industry that needs to go for decades and likey centuries. You want to develop your own industry because that will be cheaper long term. And so that, you know, multiple countries can crank out shitloads of panels.
This isn’t a quick one and done small project. This is a massive industry that needs to go for decades and likey centuries.
Sounds like it would have been a great plan 30 years ago…
But we don’t really have time to wait…
We can build up our own (actually our own, not a foreign company’s) while still installing the already available panels.
Like, money is great and all, but the planet is kind of fucking dying and America is experiencing record breaking fossil fuel production right now to prop up the economy.
Which is likely factoring into Biden again stalling on climate action.
But again, it works really well on people who only read headlines. Those people think Biden is getting a lot done.
But again, it works really well on people who only read headlines. Those people think Biden is getting a lot done.
Yeah, that’s true if you’re willingly digging your head in the sand. But go ahead and keep complaining about how he’s done nothing since he’s been in office.
Sounds like, wait for it, you need record breaking massive investments!! But when they happen you complain. Like really. And you call it stalling. It’s unbelievable. And no it doesn’t take 30 years to build up the industry lol. The mental gymnastics you people have to say Biden bad is unreal. And then you attack anyone that says otherwise as uniformed and only reads headlines. *Oh someone else pointed out your username. Ciao.
Sounds like, wait for it, you need record breaking massive investments!!
…
No one is saying we don’t.
But giving a foreign company billions to build an assembly plant here doesn’t help as much as making our own.
We’re still dependent on parts shipped here, and it’s still a company from a foreign country.
And no it doesn’t take 30 years to build up the industry lol.
No one said it did.
But there’s not enough time to wait for this to come online and billions of dollars. We could be importing Chinese solar and EVs today, right now.
While we build up domestic production
I legitimately don’t see how this is confusing. If it was republicans doing it, everyone would agree it’s not the best path.
Like, imagine your starving and a guy has a ham sandwich. But he says he grills a very nice steak, so you agree to the steak and the sandwich is thrown away. Then you find there’s all these delays on the steak, like the cow is even still alive and just munching on grass.
Why wouldn’t you eat the ham sandwich while the steak gets ready if you’re in danger of starving? You can still have the steak later.
Isn’t that supposed to be the moderate’s whole thing anyways?
But since Biden is doing it, we have to pretend he’s FDR and this solves everything.
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