3 ms·
> It’s not an accident that the recent “climate bill” just has a bunch of concessions for the oil industry Read the article you cited at https://www.brookings
by nl 4y ago
> It’s not an accident that the recent “climate bill” just has a bunch of concessions for the oil industry
Read the article you cited at https://www.brookings.edu/blog/planetpolicy/2022/08/04/the-climate-bills-oil-and-gas-provisions-are-a-worthwhile-tradeoff/ https://www.brookings.edu/blog/planetpolicy/2022/08/04/the-c...
It's a really good article that points out that this additional land will only be leased if the companies request it, and that will be driven by consumer demand. To quote:
> Analysis from Energy Innovation shows that for every one ton of expected emissions from the bill’s fossil fuel provisions, the bill will result in 24 tons of emissions reductions.
...
> The fossil fuel demand-reducing portions of the bill work at cross purposes with the fossil fuel leasing provisions. It’s an odd way to write legislation, but if that’s what it takes to pass the most important climate bill ever, so be it. As I’ve written before, ending U.S. oil and gas production is not the way to reduce U.S. greenhouse gas emissions. The world has plenty of oil and gas (even though it doesn’t feel that way right now) and the United States will import whatever it doesn’t produce, perhaps from countries with lower environmental standards and higher greenhouse gas emissions profiles than our own. Fighting fossil fuel demand is the way to lower emissions, and this bill does just that.