Currents - Energy Industry Insights - February 2019

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Alexandria Ocasio-Cortez's Green New Deal Would Reshape the Economy in 10 Years. That Could Shock the Energy Sector.

"The concern is that Ocasio-Cortez's plan to achieve climate goals in just 10 years will not only tee up defeat but unleash disruptions and unintended consequences that reverberate from U.S. power markets to Central African mines."

Why this is important: Effective policy making involves more than just proposing innovative programs. It requires the programs are justified scientifically and are an efficient use of taxpayer funds. As proposed, the "Green New Deal" does not satisfy either of these two requirements. A "zero carbon economy" is simply not possible given this country's energy and transportation needs....

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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