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Returning Trump To The White House Would Reverse Biden’s ‘Energy Ideocracy

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From the Daily Caller News Foundation

By DAVID BLACKMON

With a second term for former President Donald Trump suddenly seeming far more likely in the wake of President Joe Biden’s shocking debate performance, the decision by a Louisiana federal judge Monday to place a hold on the Biden Energy Department’s bizarre “pause” on Liquefied Natural Gas (LNG) permitting highlights a clear example of how energy policy would shift with a Trump win in November.

In rendering his decision, Federal District Judge James Cain, Jr. called the justifications for the paus offered by Energy Secretary Jennifer Granholm and DOE staff “completely without reason or logic and is perhaps the epiphany of ideocracy.”

Oof. Of course, that is pretty much what I wrote here about it back in February after the policy was put in place, though I did leave out the part about “ideocracy.”

Simply put, a second Trump presidency would put a quick end to interventionist efforts by the federal government to pick winners and losers in the energy space. Such ideocratic efforts have throughout history most often created unintended consequences that do great damage to impacted industries and the overall economy.

Indeed, Biden’s ideocratic efforts to force adoption of electric vehicles on an increasingly reluctant American public are already doing great damage to the domestic auto industry.

Last month, Fisker became the latest in a succession of pure-play EV makers to go into bankruptcy. Peer company Rivian was teetering on the brink of having to make a similar move before it was bailed out by angel investor Volkswagen’s pledge to pour $5 billion of new capital into its operations in the coming years.

Ford Motor Company has struggled in its own efforts to mount a successful line of EVs, reporting billions of dollars in losses in the process. Investor pressures became so intense after the company lost $132,000 on every unit sold in Q1 2024 that management announced a move to delay and cancel billions in planned additional EV investments in favor of shifting focus to hybrid cars instead.

Biden’s and Interior Secretary Deb Haaland’s similarly ideocratic efforts to subsidize massive wind developments off the North Atlantic shores of New England have predictably produced similarly damaging results. A parade of planned projects by major wind developers like Equinor, Orsted, and BP have been cancelled as Biden-induced inflation caused their costs to mushroom. A few have been renewed, but with renegotiated power supply rates that will cause utility customers’ bills to explode. Add to that the fact that at least 98 marine mammals — some listed as endangered species — have washed up dead on the beaches of New Jersey alone as wind development has ramped up. You can also add ecological disaster to the economic damage related to this ideocratic pursuit.

Economic and other displacements related to Biden’s ideocratic subsidies for wind and solar industrial installations onshore have become so noticeable and impactful that they are now being opposed in local communities all over the country, with many being rejected outright. Energy Analyst Robert Bryce keeps an excellent comprehensive database of these rejections at his own website.

Even with the local pushback, though, many more proposed wind and solar sites have been approved and developed while benefitting from an array of federal and state subsidies and tax incentives. Unfortunately, the flooding of power grids in Texas and across the rest of the country with unpredictable intermittent generation has had the ideocratic impact of dramatically reducing the stability and reliability of electricity service across the country.

The simple truth is that, in describing the Biden/Granholm LNG permitting pause as “perhaps the epiphany of ideocracy,” Judge Cain could have just as well have been describing the entirety of the administration’s energy policies.

I am asked every day by friends, family and readers alike what changes a second Trump administration would bring to energy policy. It is a question I have always struggled to answer in 50 words or less.

But now, thanks to Judge Cain, I will have a ready answer: “Trump would reverse Biden’s energy ideocracy.”

David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.

The views and opinions expressed in this commentary are those of the author and do not reflect the official position of the Daily Caller News Foundation.

Featured Image Credit: Official White House Photo by Adam Schultz

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Business

Worst kept secret—red tape strangling Canada’s economy

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From the Fraser Institute

By Matthew Lau

In the past nine years, business investment in Canada has fallen while increasing more than 30 per cent in the U.S. on a real per-person basis. Workers in Canada now receive barely half as much new capital per worker than in the U.S.

According to a new Statistics Canada report, government regulation has grown over the years and it’s hurting Canada’s economy. The report, which uses a regulatory burden measure devised by KPMG and Transport Canada, shows government regulatory requirements increased 2.1 per cent annually from 2006 to 2021, with the effect of reducing the business sector’s GDP, employment, labour productivity and investment.

Specifically, the growth in regulation over these years cut business-sector investment by an estimated nine per cent and “reduced business start-ups and business dynamism,” cut GDP in the business sector by 1.7 percentage points, cut employment growth by 1.3 percentage points, and labour productivity by 0.4 percentage points.

While the report only covered regulatory growth through 2021, in the past four years an avalanche of new regulations has made the already existing problem of overregulation worse.

The Trudeau government in particular has intensified its regulatory assault on the extraction sector with a greenhouse gas emissions cap, new fuel regulations and new methane emissions regulations. In the last few years, federal diktats and expansions of bureaucratic control have swept the auto industrychild caresupermarkets and many other sectors.

Again, the negative results are evident. Over the past nine years, Canada’s cumulative real growth in per-person GDP (an indicator of incomes and living standards) has been a paltry 1.7 per cent and trending downward, compared to 18.6 per cent and trending upward in the United States. Put differently, if the Canadian economy had tracked with the U.S. economy over the past nine years, average incomes in Canada would be much higher today.

Also in the past nine years, business investment in Canada has fallen while increasing more than 30 per cent in the U.S. on a real per-person basis. Workers in Canada now receive barely half as much new capital per worker than in the U.S., and only about two-thirds as much new capital (on average) as workers in other developed countries.

Consequently, Canada is mired in an economic growth crisis—a fact that even the Trudeau government does not deny. “We have more work to do,” said Anita Anand, then-president of the Treasury Board, last August, “to examine the causes of low productivity levels.” The Statistics Canada report, if nothing else, confirms what economists and the business community already knew—the regulatory burden is much of the problem.

Of course, regulation is not the only factor hurting Canada’s economy. Higher federal carbon taxes, higher payroll taxes and higher top marginal income tax rates are also weakening Canada’s productivity, GDP, business investment and entrepreneurship.

Finally, while the Statistics Canada report shows significant economic costs of regulation, the authors note that their estimate of the effect of regulatory accumulation on GDP is “much smaller” than the effect estimated in an American study published several years ago in the Review of Economic Dynamics. In other words, the negative effects of regulation in Canada may be even higher than StatsCan suggests.

Whether Statistics Canada has underestimated the economic costs of regulation or not, one thing is clear: reducing regulation and reversing the policy course of recent years would help get Canada out of its current economic rut. The country is effectively in a recession even if, as a result of rapid population growth fuelled by record levels of immigration, the GDP statistics do not meet the technical definition of a recession.

With dismal GDP and business investment numbers, a turnaround—both in policy and outcomes—can’t come quickly enough for Canadians.

Matthew Lau

Adjunct Scholar, Fraser Institute
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Business

‘Out and out fraud’: DOGE questions $2 billion Biden grant to left-wing ‘green energy’ nonprofit`

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From LifeSiteNews

By Calvin Freiburger

The EPA under the Biden administration awarded $2 billion to a ‘green energy’ group that appears to have been little more than a means to enrich left-wing activists.

The U.S. Environmental Protection Agency (EPA) under the Biden administration awarded $2 billion to a “green energy” nonprofit that appears to have been little more than a means to enrich left-wing activists such as former Democratic candidate Stacey Abrams.

Founded in 2023 as a coalition of nonprofits, corporations, unions, municipalities, and other groups, Power Forward Communities (PFC) bills itself as “the first national program to finance home energy efficiency upgrades at scale, saving Americans thousands of dollars on their utility bills every year.” It says it “will help homeowners, developers, and renters swap outdated, inefficient appliances with more efficient and modernized options, saving money for years ahead and ensuring our kids can grow up with cleaner, pollutant-free air.”

The organization’s website boasts more than 300 member organizations across 46 states but does not detail actual activities. It does have job postings for three open positions and a form for people to sign up for more information.

The Washington Free Beacon reported that the Trump administration’s Department of Government Efficiency (DOGE) project, along with new EPA administrator Lee Zeldin, are raising questions about the $2 billion grant PFC received from the Biden EPA’s National Clean Investment Fund (NCIF), ostensibly for the “affordable decarbonization of homes and apartments throughout the country, with a particular focus on low-income and disadvantaged communities.”

PFC’s announcement of the grant is the organization’s only press release to date and is alarming given that the organization had somehow reported only $100 in revenue at the end of 2023.

“I made a commitment to members of Congress and to the American people to be a good steward of tax dollars and I’ve wasted no time in keeping my word,” Zeldin said. “When we learned about the Biden administration’s scheme to quickly park $20 billion outside the agency, we suspected that some organizations were created out of thin air just to take advantage of this.” Zeldin previously announced the Biden EPA had deposited the $20 billion in a Citibank account, apparently to make it harder for the next administration to retrieve and review it.

“As we continue to learn more about where some of this money went, it is even more apparent how far-reaching and widely accepted this waste and abuse has been,” he added. “It’s extremely concerning that an organization that reported just $100 in revenue in 2023 was chosen to receive $2 billion. That’s 20 million times the organization’s reported revenue.”

Daniel Turner, executive director of energy advocacy group Power the Future, told the Beacon that in his opinion “for an organization that has no experience in this, that was literally just established, and had $100 in the bank to receive a $2 billion grant — it doesn’t just fly in the face of common sense, it’s out and out fraud.”

Prominent among PFC’s insiders is Abrams, the former Georgia House minority leader best known for persistent false claims about having the state’s gubernatorial election stolen from her in 2018. Abrams founded two of PFC’s partner organizations (Southern Economic Advancement Project and Fair Count) and serves as lead counsel for a third group (Rewiring America) in the coalition. A longtime advocate of left-wing environmental policies, Abrams is also a member of the national advisory board for advocacy group Climate Power.

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