Good news on the energy front. Donald Trump has signed an executive order which will reduce the government’s hand in determining the proper energy mix.
One area where President Trump is notching early victories is unleashing American energy, which for years has been held hostage to progressive climate obsessions. On Tuesday Mr. Trump signed an executive order to rescind many of the Obama Administration’s energy directives, and he deserves credit for ending punitive policies that harmed the economy for no improvement in global CO 2emissions or temperatures.
The order directs the Environmental Protection Agency to review the Clean Power Plan, which the Supreme Court stayed last year in an extraordinary rebuke. The plan essentially forces states to retire coal plants early, and the tab could top $1 trillion in lost output and 125,000 jobs, according to the American Action Forum. Also expected are double-digit increases in the price of electricity—and a less reliable power grid. All for nothing: A year of U.S. reductions in 2025 would be offset by Chinese emissions in three weeks, says Rice University’s Charles McConnell.
The rule also fulfills a campaign promise to end Barack Obama’s war on coal. It’s true that market forces are reducing coal’s share of U.S. electric power—to some 30% from about 50% a decade ago—thanks mainly to fracking for natural gas. Yet Mr. Obama still deployed brute government force to bankrupt the coal industry. Mr. Trump is right to end that punishment and let the market, not federal dictates, sort out the right energy mix for the future.
Read more here.
President Trump Signs an Energy Independence Executive Order
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