, Fox Business

Energy reps say Dems’ spending, tax and climate bill ‘bad idea’ during recession as House preps final vote

From Fox Business:

R Street Institute Energy and Environmental Policy Director Devin Hartman told FOX Business that, despite both sides making a lot out of a bill, it may have more nuanced, and potentially minimal, effects.

“There’s some provisions of this that could help advance … fossil technologies that would help advance U.S. interests for sort of the long-term role of fossil fuels,” Hartman said. “But I do think there’s also other provisions of it that will contribute to the contraction of some elements of the domestic fossil fuel industry.”

Although there are “handouts” for most energy sources in the bill, Hartman said the biggest go to green sources. But, he added, the bill may not accomplish many of its emissions goals because it’s “mostly throwing subsidies at a regulatory problem.”

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