Former Energy Secretary Jennifer Granholm argued in a New York Times op-ed on Thursday that one of President Joe Biden's biggest gifts to China should remain untouched, citing a number of questionable arguments. I did it.
Mr. Granholm previously made personal investments in green companies. Biden promotedIt is claimed that. piece The Biden administration's massive green industrial policy is on track to put the U.S. in a competitive position against China, but she believes President Donald Trump's policies are the right ones. pause The Biden-era bill's overall approach to spending and energy policy will constrain progress that would benefit China. However, many energy sector experts argue that the Biden administration's environmental policies will play directly into China's hands by reorienting the US economy around energy sources and technologies built from raw materials. I am doing it. dominated Criticism by China, etc.
“Other governments are waiting with bated breath as we cut subsidies, loans and tax credits to use the same tools to get the next generation of factories into their countries,” Granholm said. wrote. “Take electric cars. It's no secret that China wants to dominate the global market. It currently accounts for more than half of the world's electric car production. Since its passage, more than 450 electric vehicle battery companies have announced moves or factory expansions to the United States, many leaving China to do so. It would be a shame.” (Related: Energy Secretary Granholm Violates Stock Laws 9 Times in 2021, Spox Blames 'Clerical Errors')
Reporter: “Gasoline prices are going up right now…I think it's the president's credit that the prices are going down…Do you think it's the president's credit that the prices are going up?”
SEC. Granholm: “It's clearly based on international events and climate change.” pic.twitter.com/MvDfFBMUX3
— Daily Caller (@DailyCaller) January 23, 2023
Granholm's article discusses the Biden administration's electric vehicle (EV) mandate, fuel economy and tailpipe emissions regulations to be finalized in 2024 that will force U.S. automakers to significantly increase EV production by 2035. There's no mention of it at all. Additionally, U.S. consumer demand for EVs has not yet increased. Although it grew quickly as some expected, automakers are losing billions of dollars on their EV product lines, and some experts believe cheaper Chinese EVs will wipe out U.S. competitors. strong policies designed to prevent the consequences that we predict are likely to occur.
Moreover, the green energy incentives in Biden's signature climate bill, the Inflation Control Act (IRA), are actually bringing Chinese or Chinese-related companies into America's heartland, and the Many locals in the town are disappointed. Illinois and Ohio.
In particular, Granholm was the subject of an ethics scandal in 2021. It was revealed that she continued to own shares in electric bus maker Proterra, which has since declared bankruptcy, at a time when the Department of Energy (DOE) was promoting EVs. Manufacturing industry. Although Mr. Granholm ultimately sold his shares and received a capital gain of $1.6 million on the transaction, the DOE required Mr. Granholm to make his position clear within the deadline set out in the ethics agreement. said.
Granholm also talked about President Trump's plan to cut green energy subsidies, increase Conventional energy production compromises grid reliability and job growth.
“U.S. electricity demand will increase by 15 percent over the next decade thanks to new data centers, factories, and transportation. “If we do, we will lose access to the technologies that help us shape our energy mix. Monthly utility bills will rise and blackouts and outages will become more common,” Granholm said. I'm writing. “The administration is also deluding itself if it believes that 'drill, baby, drill' will create a jobs boom. The United States is already the world's largest oil producer and gas exporter. Low oil prices and weak market demand have left many industry leaders weary of large investments to increase production. (Related: Internal watchdog asks Biden's green loan office to halt new loan efforts amid conflict of interest concerns)
Energy Division Jennifer Granholm says the current gasoline situation is not a “gasoline shortage,” but a “short supply.” pic.twitter.com/KL6PX9FIqf
— Daily Caller (@DailyCaller) May 11, 2021
As before, Granholm again fails to mention the aggressive power plant regulations that the Biden EPA will promulgate in 2024.
Grid operators and experts have repeatedly warned that full power plant regulation would directly threaten grid reliability. Broader warning that increasing reliance on intermittent renewable energy generation is a risky strategy given that reliable fossil fuel-fired generation capacity is being retired faster than it can be offset Some people do.
Moreover, President Trump's first blitz of energy policymaking comes after four years of inconsistent policies from the Biden administration, which often seemed tilted toward appeasing environmentalists, as the private sector is expected to promote growth and promote innovation. Frank Maisano said: , a senior principal at Bracewell LLP, previously told the Daily Caller News Foundation.
The Biden administration also accused oil companies of intentionally exploiting Americans during high gas prices in 2021 and 2022. industry refuted It argued that the administration's inconsistent energy policy was a major factor in the allegedly inappropriate investments criticized by Biden officials at the time.
“Securing the next generation of U.S. manufacturing jobs will require a strong partnership between government and the private sector and continued investment in domestic clean energy production,” Granholm concluded. “When we turned off the lights in the office on Monday, we left our next occupants with a plan for success. It's already in motion, and it's up to them if they want to make the most of it.”
Granholm is likely to be replaced by Chris Wright, President Trump's nominee for Energy Secretary.
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