The field of Democrats looking to beat President Donald Trump this year — including the six on the stage Tuesday night — are aligned in their pledge to...
The field of Democrats looking to beat President Donald Trump this year are largely aligned in their pledge to rejoin the voluntary Paris Climate agreement to cut emissions. Most candidates want to end new fossil-fuel leasing on public lands and several are critical of the fracking process to extract oil.
“One area where candidates overwhelmingly agree [on climate] is ending new leases for fossil-fuel development on federal lands. Investors should take note because this is something that a president can do unilaterally, without congressional approval,” said James Lucier, who leads the energy, environmental and tax practices at Capital Alpha, in a note last fall.
But any candidate avoiding the climate topic would be doing so at their own risk. According to the Yale Program for Climate Change Communication, a record 69% of voting-age Americans say they are worried about climate change. Almost one third say they are “very worried,” the highest percentage ever recorded.Joe Biden: The Obama administration’s vice president has faced a chorus of concern from progressives that he won’t go far enough on thwarting man-made climate change.
Elizabeth Warren: The Massachusetts senator will spend $2 trillion over 10 years in green research, manufacturing and exporting; $1.5 trillion of federal energy product procurement over 10 years; and $100 billion in aid for clean-energy deployment. She’ll ban new fossil-fuel leases offshore and on public lands and will regulate companies to disclose climate risks. She is also targeting a so-called Blue New Deal that will invest in regenerative ocean farming, among other initiatives.
The candidate says that she will not ban fracking as a means for oil extraction. She is open to carbon capture for fossil fuels as well as nuclear energy.Michael Bloomberg: The late entrant in the race has portrayed the Green New Deal as a political non-starter, reports Inside Climate News, although Bloomberg was not officially running when he said it.
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