What Biden has done is to cut the issuance of drilling leases to the minimum required by law, pass the Inflation Reduction Act, enact a regulation to force vehicle electrification, and similarly force fossil fuels out of most power plants.

What Biden has not done: stop issuing drilling permits or impose export restrictions on fossil fuels. The former has some serious limits because of how the courts treat the right to drill as a property right once you hold a drilling lease, and the latter is simply untested.

  • @[email protected]OPM
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    fedilink
    91 year ago

    The technological landscape that developing countries have today is very different from what it was a century ago. Wind and solar power are cheap in a way that they weren’t then, so there’s the possibility of a green industrialization, where they don’t have to go down the road the US and Europe and China did.