Joe Biden’s Plan Will Destroy US Oil And Gas Sectors By 2035!
On no, sleepy Joe is coming after the energy sector of our economy. This is not the same Joe Biden who campaigned as a centrist to get the nomination. Who served in the US Congress 36 years and 8 as Vice President. Mr. Biden released a plan Tuesday aimed at combating “climate change” and spurring economic growth in part by overhauling America’s energy industry, with a proposal to achieve entirely carbon pollution-free power by 2035.
He has been convinced, by his handlers, that going far left is the only way he can win. In the last 10 days, he has become a huge cheerleader for BLM, promised to fundamentally change America, and increasing the spending and reducing the time frame significantly for “climate change” projects. His plan phases out the oil and natural gas industries replacing them with clean energy alternatives.
The proposal also doesn’t address the controversial natural gas and oil extraction process known as fracking. The issue is politically sensitive in some key battleground states such as West Virginia and Pennsylvania. During the primary, some Democrats proposed an outright ban on fracking while Biden limited his opposition to new fracking permits. It now appears, if possible, Joe will go to the dark side and adopt the collective group thinks.
Joe Biden released a plan Tuesday aimed at combating climate change and spurring economic growth in part by overhauling America’s energy industry
The plan reflects ideas embraced by some of Biden’s more progressive allies during the primary, like Jay Inslee, whose campaign centered on the issue of climate change. The Washington governor first proposed achieving entirely carbon-free electricity by 2035. In the plan, Biden pledges to spend $2 trillion over four years to promote his energy proposals, a significant acceleration of the $1.7 trillion over 10 years he proposed spending in his climate plan during the primary.
The proposal doesn’t include specifics on how it would be paid for. Senior campaign officials who requested anonymity to discuss strategy said it would require a mix of tax increases on corporations and the wealthy and deficit spending aimed at stimulating the economy.
The plan also includes a portion focused on environmental justice, including the requirement that 40% of the money he wants to spend on clean energy deployment, reduction of legacy pollution, and other investments will go to historically disadvantaged communities.
On a Monday evening fundraising call with renewable energy executives, Biden pledged to make an irreversible impact on the nation’s efforts to combat climate change. “God willing I win and even if I serve eight years, I want to make sure we put down such a marker that it’s impossible for the next president to turn it around,” he said.
So just like the Boston tunnel, California High-Speed Rail, the plan would end up costing multiple times more than what they are forecasting and go well past 2035. Just like everything the left does, there is no plan on how to pay for destroying a main pillar of our US economy and employer of tens of thousands of blue-collar workers. In life with their Marxist ideology, it will have to include, skyrocketing taxes on corporations, wealthy Americans, and extra sales taxes, maybe even a national sales tax like used in Europe.