L A Times Editorial Hypes Massive “Climate Recovery Act” Penalties on Fossil Fuel Energy Suppliers that Account for 70% of California’s Annual GDP
11 hours ago Guest Blogger 28 Comments
Guest essay by Larry Hamlin
A ridiculous L A Times editorial hypes imposing massive “Climate Recovery Act” cost penalties on fossil fuel suppliers that account for 70% of the energy that the state consumes to achieve its annual GDP.
The U.S. Energy Information Administration California total energy consumption versus GDP data shows (Table C10) that the state has the highest GDP of all 50 U.S. states and leads the nations next highest state GDP by 55% while having the 4th lowest energy consumption to GDP ratio of all 50 states.
Apparently, the Times believes that imposing massive costs penalties on fossil fuel energy suppliers will have no effect on these suppliers’ costs of business to the state with California importing 90% of its natural gas, 76% of its petroleum and 30% of its total electricity use (each shown respectively in diagrams below) from energy suppliers outside the state.
https://wattsupwiththat.com/2024/05/29/l-a-times-editorial-hypes-massive-climate-recovery-act-penalties-on-fossil-fuel-energy-suppliers-that-account-for-70-of-californias-annual-gdp/
