Wednesday, October 2, 2024

Let’s just say climate change is real …

Presented by Chevron: Your guide to the political forces shaping the energy transformation
Oct 02, 2024 View in browser
 
POLITICO Power Switch Newsletter Header

By Arianna Skibell

Presented by Chevron

JD Vance (left) and Tim Walz participate in the Vice Presidential debate.

Republican vice presidential candidate JD Vance (left) and Democratic vice presidential candidate Tim Walz at the vice presidential debate hosted by CBS News. | Angela Weiss/AFP via Getty Images

The Republican vice presidential nominee pitched a (hypothetical) climate plan at Tuesday night's debate that … sounded a lot like the Democrats' 2022 climate law.

Ohio Sen. JD Vance said that if climate change is really driven by carbon pollution (a fact, by the way), then the country should invest heavily in domestic manufacturing.

“Let’s just say that’s true, for the sake of argument,” Vance said near the beginning of a policy-laden debate that featured an unheard-of seven minutes and 13 seconds on climate change. “The answer is you want to reshore as much manufacturing as possible, and you want to produce as much energy as possible in the United States of America.”

That might sound familiar because it’s the backbone of President Joe Biden’s climate law, the Inflation Reduction Act, which is the largest-ever investment in domestic clean energy production. Vice President Kamala Harris cast the tie-breaking vote in the Senate — though the climate law hasn’t loomed large in her campaign messaging.

Walz goes there: Democratic Minnesota Gov. Tim Walz was quick to point to the IRA, offering perhaps the Harris campaign’s most robust promotion of the law, which he said has created hundreds of thousands of jobs across the country. Those include an expected 2,000 jobs in electric vehicle manufacturing in Jeffersonville, Ohio — Vance’s home state.

Former President Donald Trump has vowed to claw back unspent IRA money (an idea that’s dividing his party), and Vance has previously derided the measure as a “Green New Scam” that has sent jobs and resources to China.

On Tuesday, Walz also framed the law as part of Harris’ “all of the above” energy strategy, using a term that has all but disappeared from Democratic vernacular in recent memory as the party has pushed a transition away from fossil fuels. Walz and Harris have begun embracing the United States’ record oil and natural gas production as a means of attracting voters and countering Republican attacks about energy prices.

“We’re producing more natural gas and more oil [than] at any time than we ever have,” Walz said. “We’re also producing more clean energy.”

Vance insisted, however, that the IRA's clean energy subsidies are responsible for shipping manufacturing overseas.

“You’re going to make the economy dirtier," he said. "We should be making more of those [solar] panels here in the United States of America.”

“We are,” Walz interjected. “In Minnesota.”

The climate law has sparked a manufacturing boom in the U.S. But the country is still catching up to China, which has spent years heavily subsidizing clean energy technologies. Biden, like Trump before him, has hiked duties on a host of Chinese-made green goods in a bid to safeguard the emerging U.S. industry.

 

It's Wednesday — thank you for tuning in to POLITICO's Power Switch. I'm your host, Arianna Skibell. Power Switch is brought to you by the journalists behind E&E News and POLITICO Energy. Send your tips, comments, questions to askibell@eenews.net.

Play audio

Listen to today’s POLITICO Energy podcast

Today in POLITICO Energy’s podcast: Ry Rivard breaks down how the strike by thousands of unionized dockworkers could scramble this election season and the economy.

 

A message from Chevron:

Chevron’s latest offshore platform, Anchor, is forging new paths to the future. Its technological innovations help us to reach previously inaccessible oil and natural gas reserves in the U.S. Gulf of Mexico.

 
Power Centers

The Unicoi County Hospital is surrounded by floodwater.

This image from video taken by the Tennessee Emergency Management Agency shows a helicopter on the roof of Unicoi County Hospital as rescuers evacuated the building during Hurricane Helene. | Tennessee Emergency Management Agency/AP

Helene nearly turned a hospital into a death trap
A dramatic helicopter evacuation of a Tennessee hospital imperiled by raging floodwaters from Hurricane Helene underscores what health experts say are rising dangers to patients and caregivers as climate-related disasters strike vulnerable facilities, writes Ariel Wittenberg.

The evacuation stunned health officials because of the danger to patients, staff and rescuers. But extreme weather is having widespread consequences on the health care industry that often go unnoticed, as the brick and mortar buildings that people depend on to recover from crises such as Helene are themselves in peril.

Build housing on federal land? Harris and Trump say yes.
Vance on Tuesday night reiterated his running mate’s call to ramp up housing development by opening federal lands for home building, writes Scott Streater.

Although Walz pushed back at the idea during the debate, that’s actually one of the few policy areas where the Biden-Harris administration has signaled at least partial agreement with Trump.

Wanted: Flood insurance
Hundreds of thousands of people across parts of the Southeast will struggle to rebuild their homes after Helene for one reason: Hardly anyone has flood insurance, writes Avery Ellfeldt.

Helene is highlighting the major gaps in U.S. flood insurance and their consequences as climate change amplifies flood risk both from coastal storm surge and rapidly overflowing rivers in North Carolina and other inland areas.

Who gives a frack?
Trump is hitting Harris with TV ads in Pennsylvania reminding voters that in 2019 she told a CNN audience “there’s no question I’m in favor of banning fracking,” a position she has vehemently abandoned, writes Mike Soraghan.

But the drilling process might not be as important to Pennsylvania voters as pundits suggest.

In Other News

Who should move? Climate change is destroying American homes.

Hurricanes’ hidden toll: Thousands of deaths years after they strike.

 

A message from Chevron:

Advertisement Image

 
Subscriber Zone

A showcase of some of our best subscriber content.

Piles of documents

The Heritage Foundation has submitted thousands of records requests to federal agencies. | Wesley Tingey/Unsplash

Federal employees say they’re terrified by reports that a conservative think tank has flooded government agencies with a host of information requests that could potentially be used to target individual workers.

Mandy Gunasekara, who served as EPA chief of staff during the Trump administration, wants to fire government workers and close federal agencies. Those are among the recommendations in her new book, “Y'all Fired: A Southern Belle's Guide to Restoring Federalism and Draining the Swamp.”

Helene disrupted the work of a federal team, based in Asheville, North Carolina, that publishes an annual report detailing the nation's billion-dollar climate- and weather-related disasters.

That's it for today, folks! Thanks for reading.

 

A message from Chevron:

Chevron’s latest offshore platform, Anchor, is setting a deepwater benchmark by helping to safely produce oil and natural gas at up to 20,000 psi. Anchor will play a leading role in Chevron’s goal to produce 300,000 net barrels of oil equivalent per day in the U.S. Gulf of Mexico by 2026. That’s energy in progress.

 
 

Follow us on Twitter

Arianna Skibell @ariannaskibell

 

Follow us

Follow us on Facebook Follow us on Twitter Follow us on Instagram Listen on Apple Podcast
 

To change your alert settings, please log in at https://login.politico.com/?redirect=https%3A%2F%2Fwww.politico.com/settings

This email was sent to edwardlorilla1986.paxforex@blogger.com by: POLITICO, LLC 1000 Wilson Blvd. Arlington, VA, 22209, USA

Unsubscribe | Privacy Policy | Terms of Service

No comments:

Post a Comment

Get Ready for the Wealth365 Summit + Free eBook Gift!

Claim your free ticket for Wealth365 - October 14th-19th. This isn't just another event—it's your key to staying ahead. ...