The Greatest Need for the Energy Evolution Is Consensus, a Very Limited Resource
What’s the issue?
In this election year, the left wing of the Democratic party seems to be pushing an environmental purists’ climate change agenda aimed at motivating what may be perceived as a critical voting bloc this November.
Why does it matter?
However, that agenda may be doing more harm to the environment as it both restricts the ability to build almost anything in this country and limits a robust development of natural gas, which has proven to be a key contributor to the reduction of greenhouse gases in the U.S. and could play a similar role overseas.
What’s our view?
The energy evolution, especially at the pace desired by environmental purists, requires substantial investments in infrastructure. Such investments are being thwarted by the uncertainty caused by other aspects of the purists’ agenda. Further, by focusing on keeping U.S. resources “in the ground,” the environmental purists are making it easier for more harmful production to dominate the market, which will only increase the intensity of greenhouse gas emissions.