The United States should look to “wind, solar and other clean energy sources” rather than relying on oil and gas, US Treasury Secretary Janet Yellen said on Thursday.
Yellen’s remarks came during a trip to Detroit, Michigan, where Democrats were bragging about the Inflation Reduction Act.
“Our plan, based on the Inflation Reduction Act, represents the largest investment in climate change in our country’s history,” Yellen said. aforementioned most people. “This will pave the way for a future where we rely on wind, solar and other clean energy sources.”
“Our current dependence on fossil fuels and the autocrats’ [Russian President Vladimir] Putin,” Yellen added.
Biden Treasury Secretary Janet Yellen: According to Biden’s plan, we will “get rid” of oil and gas. pic.twitter.com/ixipZOKxjd
— RNA Research (@RNCResearch) September 8, 2022
“We must not support dreams of radical profit while the American people suffer, we must use our abundant energy resources and secure America’s energy independence.” – Heritage Foundation. tweeted out In response to what Yellen said.
We must use our abundant energy resources and ensure America’s energy independence, NOT chasing radical dreams while the American people suffer. https://t.co/dNA12GQQPx
— Heritage Foundation (@Heritage) September 9, 2022
Yellen also said in her speech that the United States, led by President Joe Biden, “is experiencing one of the fastest economic expansions in modern history.”
While Biden administration officials and other Democratic leaders are pushing for a withdrawal from the oil and gas industry, states like California, Gov. Announcing that California will stop selling new gas-powered vehicles by 2035, Gavin Newsom (Democrat) is urging residents to reduce their electricity use for fear of blackouts.
Biden Energy Secretary Jennifer Granholm recently lauded the Inflation Reduction Act for helping “create great incentives for wind, solar and geothermal.” Granholm also said the Biden administration is forcing the oil industry to increase production, but drillers say Democratic policies have slowed their progress.
“Biden’s attack on private finance is just one aspect of the attack. “In August, Biden changed global bank financing rules, making it harder for drillers to find investors.” “These policies aim to accelerate investment in renewable energy rather than fossil fuels, which greatly reduces financing for oil production.”
Jordan Dixon-Hamilton, Breitbart News correspondent. Write him [email protected] even follow him excitement.
Source: Breitbart
