Climate Fraud Costing Americans Billions of Dollars

Climate change alarmists have been throwing billions of American tax dollars at efforts to curb greenhouse gas emissions. Economist Stephen Moore suggests that those dollars have had little or no impact. Moore writes that “when you spend $100 billion of taxpayer money and achieve absolutely nothing, Biden and his green allies should be arrested for criminal fraud.” He continues:

Where did all the money go? Tens of billions of dollars have lined the pockets of left-wing environmental and social justice groups that have been emitting a lot of hot air but no results. Green energy companies have milked taxpayers of tens of billions more, even as wind and solar only produce about 7% of our energy.

Is this the greatest ripoff of U.S. taxpayers in history?

I’ve often said that I doubt all the doomsday predictions of global warming are accurate, but if they are, we are goners. Because nothing the Left is doing on climate change is making even the tiniest bit of difference, as the new report shows. What it is doing is giving politicians and activists a chance to virtue-signal. Does it even matter to them that none of their schemes are working?

The most obvious flaw in the green strategy is that few, if any, of the big polluters are cooperating despite the assurances from President Joe Biden’s climate change ambassador John Kerry. For the umpteenth time: The United States is not the problem — China is. Its pollution levels are three times higher than ours. Soon India will surpass the U.S. in carbon emissions.

Even the top scientists who study climate change admit that without progress from China, nothing America does to reduce emissions will reverse the global trends. The U.S. has reduced our emissions more than any other nation, and the problem continues to get worse. And yet, the rest of the world blames the U.S.

All we are accomplishing in the Biden war on fossil fuels is kneecapping our own domestic energy industry while the rest of the world consumes more fossil fuels than ever before. Instead of the oil and gas produced in Texas or North Dakota, it’s coming from Russia, Iran, and OPEC. The energy source that is growing the fastest now is coal.