WV Treasurer Moore Condemns Biden Administration’s International Pact to Eliminate Coal
WV State Treasurer Riley Moore today condemned comments made by Biden Administration Special Envoy for Climate John Kerry at an international United Nations climate change summit, where Kerry announced the United States would begin a phase-out of all existing coal-based power plants and called on coal use to be eliminated across the world.
Treasurer Moore also urged Congress to exert its authority to block the international agreements made at the summit.
“John Kerry has made the Biden Administration’s position crystal clear: they want to eliminate the coal industry worldwide regardless of the economic destruction or inflation it will cause,” Treasurer Moore said. “For the past three years, Kerry – on behalf of the President – has been working behind the scenes on an unrelenting campaign to pressure private companies and global elites to eliminate fossil fuels and now he’s no longer hiding their efforts to destroy this critical sector of our economy.
Riley Moore
“Not only will this weaken the United States, but it will also embolden China – which is continuing to build up its coal-fired infrastructure,” Treasurer Moore said. “China will not abide by any of these international agreements because they know coal is an affordable, reliable source of energy. This agreement will be an unnecessary, self-inflicted wound to the American economy.”
Over the weekend, Kerry announced at the 28th United Nations Climate Change Conference (COP28) that the United States would join the international Powering Past Coal Alliance, which would commit the U.S. to building no new coal-fired power plants and to phase out existing plants.
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COP28 Climate Conference is Not Just the Super Bowl of Virtue Signaling. It's Doing Real Damage.
It is tempting to dismiss COP28 as the Super Bowl of virtue signaling. But that would be to ignore the massive damage being done to our country by the unrealistic and costly climate policies of the Biden White House. The administration’s wrong-headed "leadership" on phasing out fossil fuels, which currently provide nearly 80% of U.S. energy, is a highlight of COP28; their policies are making Americans poorer and less secure.
To wit: since Joe Biden took office, electricity prices have soared 24%; during President Trump’s four years in office, average electricity prices actually declined.
COP 28, the annual climate talkathon, has had its light moments. Some 80,000 attendees are participating, a large number of whom are traveling by emissions-spewing private jets. Over the weekend, some of those planes were frozen to icy runways in Munich as global warming was trumped by unseasonal cold and blizzards which blanketed much of Europe.
Moreover, the event is being held in Abu Dhabi, a major oil producing nation, and hosted by Sultan Al Jaber, head of the Abu Dhabi National Oil Company (ADNOC). In the lead-up to the meeting, leaked briefing documents revealed Jaber was plotting to use his position as host to negotiate new oil and gas deals with foreign governments, even as a central theme of COP28 was the phase-out fossil fuels.
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COP28: John Kerry Commits $3 Billion To Annihilate The Coal Industry
Coal powers about 20% of homes across the United States. John Kerry, along with the Biden Administration want that percentage to be zero. And thus, without our say so, committed $3 billion of OUR tax dollars to eliminating the coal industry.
The Biden Administration announced Saturday that the United States is committed to phasing out coal power plants nationwide and not building new ones as it moves ahead with its green agenda.
U.S. Special Envoy for Climate John Kerry announced at the annual United Nations climate change summit in Dubai, called COP28, that America is joining 56 other nations that comprise the Power Past Coal Alliance.
“We will be working to accelerate unabated coal phase-out across the world, building stronger economies and more resilient communities,” Kerry said in a statement.
“The first step is to stop making the problem worse: stop building new unabated coal power plants.”
It’s unclear when existing U.S. coal plants would have to shut, but other Biden regulatory actions and international commitments already in play have targeted 2035 as a coal-free deadline.
Will China stop building coal-fired power plants? Not hardly. While the climate cultists, among them John Kerry, natter on about green energy, China is going with what works. And they know that solar and wind aren’t the magic fix everyone wants us to believe it is.
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US Commits to Shutting Down its Coal Plants During COP28
The Biden Administration is forging ahead with its green agenda by committing the United States to not building any new coal plants and phasing out existing plants.
U.S. Special Envoy for Climate John Kerry announced at the annual United Nations climate change summit, known as COP28 and which is being held in Dubai, although no date was given for when the existing plants would have to go.
"We will be working to accelerate unabated coal phase-out across the world, building stronger economies and more resilient communities," Kerry said in a statement.
"The first step is to stop making the problem worse: stop building new unabated coal power plants."
Kerry said America was joining the Powering Past Coal Alliance, a pact of nearly 60 countries that have promised to accelerate the phasing out of coal-fired power stations, except the very few that have carbon capture and storage.
Kerry said the action forms part of America’s plan to limit global warming to 1.5 Celsius.
As of October, just under 20% of the U.S. electricity is powered by coal, according to the Department of Energy. The amount of coal burned in the United States last year was less than half what it was in 2008.
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The Power Demand Surge
There is a quiet revolution upending the trajectory of our energy future. For all the extraordinary challenges inherent with trying to stand up a renewable-dominant energy mix nearly overnight, perhaps none is beginning to loom as large as the breakneck speed electricity demand is growing all over the country.
Speculation about the impact that electrification, reindustrialization and big data might have on power demand is settling into an incredible reality. In wildly different states with wildly different industries and economic engines, power demand is exploding, and the U.S. electricity grid and our power supply are woefully unprepared. The case for building on the shoulders of the existing coal fleet – not trying to dismantle it for unproven and unbuilt solutions – is growing ever-stronger.
As the folks at the new education campaign Coal Hard Truth correctly observe, “fossil fuel power plants are retiring much faster than new dispatchable, reliable sources are being developed. This could lead to energy supply shortages, even rolling blackouts. Coupled with increasing demand… America’s bulk power system could be facing energy shortfalls – as soon as this year.”
It’s a remarkably tenuous situation that policymakers – especially the regulators at the U.S. Environmental Protection Agency – don’t seem to have their arms around and frankly don’t appear to have much interest in acknowledging.
But the ground in truth in places as diverse as Arizona, Texas, Georgia, New York, Virginia and California is surging demand and the need for a far more robust power system than the one we currently have. The era of flat power demand is as relevant today as a fax machine.
Our new reality is a scramble to keep the lights on, homes warm and the gears of industry churning. We need every megawatt of capacity we can get our hands on and that’s doubly true for the dispatchable, fuel-secure capacity anchored by the coal fleet.
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