If it’s true that renewable energy is cheaper than fossil fuels, then why would renewable energy projects flounder when federal funding is blocked?
President Donald Trump froze trillions of dollars in funding last month. Federal court rulings temporarily paused some of Trump’s orders, but numerous reports say if taxpayer funding is ultimately terminated, renewable projects will be in serious jeopardy.
During the Biden-Harris administration, President Joe Biden and the Democrats passed hundreds of regulations against the oil, gas and coal industries. The National Review noted that “President Obama’s entire “green jobs” agenda, noting that four out of every five “green” energy companies to receive taxpayer support were “run by or primarily owned by Obama financial backers.”
Despite the unfriendly regulatory environment, the U.S. is producing more oil and gas than any nation in history.
Renewable energy proponents often claim that wind and solar are cheaper than fossil fuels, and many have claimed that Trump’s actions will raise the cost of energy. If it’s true that renewable energy is cheaper, it seems odd that renewable energy projects would flounder when federal funding is blocked.
“What we’re seeing is the eco-left movement proving in real time that their schemes cannot stand without taxpayer support. The free market should be deciding what products Americans do or don’t want to buy, and not the government picking winners and losers. It’s really simple,” Larry Behrens, communications director for Power the Future, told Just the News.