Energy ideology is one thing. Energy reality, another.
Just ask the motorists who spent a night stranded on I-95 in Virginia this week when winter dropped some epic snow if they’d rather have spent the night in an electric car.
Virginia foolishly joined eleven other states in a “Regional Greenhouse Gas Initiative” which dramatically raised energy prices and covered pristine natural landscapes with inefficient wind turbines and solar panels. All without making any meaningful impact on the temperature of the Earth. The RGGI is a perfect poster child for “all pain no gain” policy making.
“‘RGGI describes itself as a regional market for carbon, but it is really a carbon tax that is fully passed on to ratepayers. It’s a bad deal for Virginians. It’s a bad deal for Virginia businesses,’ Governor-elect Glenn Youngkin said. ‘I promised to lower the cost of living in Virginia, and this is just the beginning.’”
“Virginia’s continued participation in RGGI will result in residents paying more for their electricity bills. According to recent State Corporation Commission filings, participation in the RGGI program will raise energy costs to $4.37 a month, or $52.44 per year, if enacted on Sept. 1. When paired with the new — and costly — Virginia Clean Economy Act, the net-zero law slated to raise energy bills $800 a year by 2030, this spells disaster for Virginians currently paying more to heat and power their homes.”
CFACT’s close friend Collister (Terry) Johnson is a tireless Virginia energy advocate. Terry and his friends and allies did a brilliant job beating back plans to wreck Virginia’s energy infrastructure with the facts. Well done!
Virginia under Governor-elect Youngkin is waking up to energy reality… fast. Other states are heading for the RGGI exit as well.
Energy reality beats energy ideology every time.
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