Speaking of green energy, New York is now backtracking from its absurd scheme to tax fossil fuel companies for carbon emissions, then use the revenue to fund the state’s “transition to green.” The cost of this green scam: $15 billion a year.
This so-called “cap and invest” plan has failed elsewhere. The programs in California and Washington have raised gasoline prices about 27 cents per gallon. Other prices went up too, as steeper energy costs trickled through the supply chain.
In her “State of the State” speech this week, NY Governor Hochul said “we don’t have the data” to move ahead, and climate groups bitterly noted there was no mention of climate change – or specifically “cap and invest.”
Sounds to us that the data she HAS been reading are the November election results, which saw the Democratic victory margin in New York’s presidential race shift towards Trump by 10 points – the most of any state. New York is also near the most bankrupt of any state.