A prominent Democratic presidential candidate laid out a plan that offers the most direct threat yet to the oil and gas industry, entitled “Freedom from Fossil Fuels.” Washington Governor Jay Inslee’s entire presidential campaign centers around climate change and taking on fossil fuels. It’s no surprise then that his ambitious and far-reaching plans strongly target the oil and gas industry. But the most recent component of his wide-ranging climate platform is perhaps the most notable because while most presidential candidates tend to lay out specifics on how they will scale up clean energy, they often ignore the elephant in the room. U.S. oil and gas is still growing – the EIA expects production to jump by another 70,000 bpd in July – and is expected to break production records for years to come, something that stands completely in conflict with goals of ratcheting down emissions. While most Democratic candidates […]

Posted in: USA