Testifying before the Senate Committee on Energy, energy expert Robert Bryce advised Washington policymakers they needed “a big dose of energy realism and an even bigger dose of energy humanism.”
In 2019, the latest year of data, 81% of the world’s energy supply came from fossil fuels, according to the International Energy Agency. Even if all nations were to fulfill their current climate promises, the IEA calculates that fossil fuels would still make up 73% by 2040. Almost all nations are begging for the money even to accomplish that. Good luck. Bryce informed the Senators that hurting America’s fossil-fuel industry by killing pipelines, banning natural gas, halting drilling on federal lands, electrifying everything and never-ending tax breaks for big wind and solar will not solve global climate change. Instead these moves will accelerate inflation, endanger our energy security and impose punishing taxes on the poor and working class.
Our economy runs on hydrocarbons and that will be true for decades.
Charlie Krause
Peterborough