Forbes on Nostr: Senate Climate Hearing Put Politics Above America’s Energy Security ========== ...
Senate Climate Hearing Put Politics Above America’s Energy Security
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Senate Democrats held a hearing titled 'Denial, Disinformation, and Doublespeak: Big Oil’s Evolving Efforts to Avoid Accountability for Climate Change' accusing oil and gas companies of deceiving the public about climate change. The hearing and the accompanying report were a regurgitation of findings from a Democratic-led 2022 House Oversight Committee investigation. The hearing and related lawsuits can negatively affect the fossil fuel industry, which is responsible for powering the U.S. economy. The transition to renewable sources will be economically costly and lengthy, but major oil companies have committed to net-zero and low-carbon goals. Eliminating fossil fuel use would cause immediate shocks to the U.S. economy and put upward pressure on energy prices. The hearing and lawsuits ignore the ongoing efforts by the industry to reduce carbon emissions and develop new technologies. The U.S. oil and gas industry invested $20 billion in clean energy projects in 2022 alone. Oil and gas companies want to invest in their core businesses while also developing innovative technologies to confront climate change and reduce the environmental impact of their products. Senate Democrats should work with the industry to come up with real solutions.
#SenateDemocrats #OilAndGasIndustry #ClimateChange #RenewableEnergy #CarbonEmissions
https://www.forbes.com/sites/daneberhart/2024/05/02/senate-climate-hearing-put-politics-above-americas-energy-security/
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Senate Democrats held a hearing titled 'Denial, Disinformation, and Doublespeak: Big Oil’s Evolving Efforts to Avoid Accountability for Climate Change' accusing oil and gas companies of deceiving the public about climate change. The hearing and the accompanying report were a regurgitation of findings from a Democratic-led 2022 House Oversight Committee investigation. The hearing and related lawsuits can negatively affect the fossil fuel industry, which is responsible for powering the U.S. economy. The transition to renewable sources will be economically costly and lengthy, but major oil companies have committed to net-zero and low-carbon goals. Eliminating fossil fuel use would cause immediate shocks to the U.S. economy and put upward pressure on energy prices. The hearing and lawsuits ignore the ongoing efforts by the industry to reduce carbon emissions and develop new technologies. The U.S. oil and gas industry invested $20 billion in clean energy projects in 2022 alone. Oil and gas companies want to invest in their core businesses while also developing innovative technologies to confront climate change and reduce the environmental impact of their products. Senate Democrats should work with the industry to come up with real solutions.
#SenateDemocrats #OilAndGasIndustry #ClimateChange #RenewableEnergy #CarbonEmissions
https://www.forbes.com/sites/daneberhart/2024/05/02/senate-climate-hearing-put-politics-above-americas-energy-security/