Green energy has long suffered from a lack of consistency, leaving its customers powerless when the wind isn’t blowing or the sun isn’t shining. But renewable energy is amazingly consistent in one regard: It makes everything much more expensive. Whenever a government policy designed to combat climate change promotes greater use of renewables, Americans are as certain to get as soaked as a weekend in a water park. It is simple economics we see every day.
Electricity generated by unsubsidized renewables is still more expensive than market-driven resources. Heavily subsidized electric vehicles (EVs) can cost as much as 40% more on average than gasoline-powered cars and trucks and are far more expensive to repair. The ideological push for renewable energy has depleted domestic oil production, resulting in skyrocketing fuel prices and President Biden begging dictators for more oil. In nearly all instances, the green energy agenda gets its oxygen from squeezing consumers and soaking taxpayers.
Traditionally, the Environmental Protection Agency has led the federal government’s assault for greater use of renewables, but now the Securities and Exchange Commission, charged with policing securities transactions and protecting investors, wants in on the fun. Through its activist chairman, Gary Gensler, the SEC is promulgating a 300-page rule requiring publicly traded companies to meticulously account for and report the impact of climate change on their business operations and financial statements.
This is, by far, the most ghastly and unprecedented corporate reporting mandate so far created, and if upheld, will permanently saturate the economy in a vat of green regulations that will weaken U.S. industry and raise costs on nearly everything produced. It will further force numerous companies out of business and vacuum wealth and savings from Americans’ pockets.
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