Romney's New Energy Plan Would Doom Humanity
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All this is not too surprising considering his company these days. As Weiss wrote:
Romney's energy team is comprised of oil and coal industry insiders, from oil billionaire Harold Hamm, the chair of Romney's energy policy team -- and $1 million donor to the conservative Restore Our Future Super PAC -- to coal lobbyist Jim Talent, as well as retreads from the George W. Bush administration. Politico described it as "Bush energy advisors going to Romney."
The tapping of Koch favorite Paul Ryan as Romney's running mate leaves little to chance on how this ticket stacks up for the environment. Weiss again:
Both Romney's plan and the House-passed Ryan budget would retain $2.4 billion in annual tax breaks for the big five oil companies -- BP, Chevron, ConocoPhillips, ExxonMobil, and Shell -- that made a record $137 billion in profits last year, and over $60 billion so far in 2012. Perhaps more outrageous is that the Romney-Ryan proposed cut in the corporate tax rate would provide a $2.3 billion tax cut for the big five oil companies. With the existing tax breaks, the big five companies would skim over $4 billion annually from the U.S. Treasury. ...
The worldwide market for clean energy technologies will be $2 trillion by 2020. Yet Romney and Ryan would cede this market to other nations by opposing incentives to help emerging technologies grow to scale. Romney and Ryan oppose the extension of the Production Tax Credit to encourage wind energy. The PTC helped the U.S. double its wind electricity generation over the past four years, and ending it could cost at least 37,000 jobs this year. An American Wind Energy Association analysis predicts that New Mexico and Texas could lose up to 5,000 and 20,000 jobs, respectively, if the PTC expires.
Ryan solidifies the plan for helping Big Oil cronies. Over the 7 terms he has served in Congress, Ryan's scorecard with the League of Conservation Voters has fallen from 27 percent to a dismal 3 percent. He has voted to deauthorize critical habitat for endangered species, is in favor of drilling in the Alaska's prized Arctic National Wildlife Refuge, thinks we should sell off more federal lands. He doesn't believe that the EPA should regulate greenhouse gases, or that we should have enforceable limits on global warming pollution. He has also voted against tax credits for renewable energy but also is against removing subsidies for oil and gas exploration.
So what does a Romeny-Ryan ticket look like for the environment? It looks like we'll be on the fast-track to the top of the list for more "hottest" and "driest" records for our climate, while making sure Big Oil continues to top the "richest" lists as well. And the feeling's mutual -- the AP reported that Romney pocketed $7 million just this week from industry executives in Texas.