The Coming Green Electricity Nightmare
11 hours ago Guest Blogger
Hundreds of billions in new subsidies will bring expensive, unreliable, eco-destructive power
Paul Driessen
Senator Joe Manchin (D-WV) wanted regulatory reform, in part to reverse some of the Biden Administration reversals of Trump era reforms intended to expedite permits for fossil fuel projects.
Majority Leader Chuck Schumer (D-NY) needed Manchin’s vote in the 50-50 Senate to enact his latest spending extravaganza, the Inflation Reduction Act, which was primarily a massive climate and “green” energy subsidy arrangement. It gives Schumer allies some $370 billion in wind, solar, battery and other funding, tax credits and subsidies. In exchange, Schumer would offer a path for Manchin’s reform bill.
Manchin voted YEA, and promptly got bushwhacked. Once he’d helped enact the IRA, he had zero leverage. Schumer, he discovered, had promised an opportunity, maybe a vote, but not actual support. House and Senate members told him, we weren’t part of your secret negotiations with Schumer; we didn’t shake hands on any deal; we don’t want easier permitting for drilling, pipelines and LNG terminals that could help send US natural gas to Britain and Europe.
In the end, it’s probably a good thing Manchin’s bill went nowhere.
https://wattsupwiththat.com/2022/10/02/the-coming-green-electricity-nightmare/
