Because the Texas energy system is so large and central to the American economyfafa191 casino, we all have a shared stake in its energy success.
When the Texas grid goes down, Atlanta might not get jet fuel. When Texas gas production freezes up in winter storms, a surprisingly frequent phenomenon, fuel prices spike in Minnesota. And because Texas is by far the nation’s largest emitter of greenhouse gases among the states, the country cannot decarbonize its economy without Texas.
The Lone Star State has seen rapid growth not only in oil and gas production but also in wind and solar generation, a boom that has been justly called the Texas Miracle.
But now reactionary forces in the Texas Legislature want to turn the clock back to the days before the state became a national leader in producing electricity from solar and wind power.
The Texas Legislature is moving to erect barriers to clean energy development while providing incentives for fossil fuel production. This would make the task of reducing emissions much harder. And it comes even though oil and gas production has continued to grow, though not at the pace of the market’s embrace of wind and solar.
This is a “radical departure,” as Locke Lord, a national law firm active in the energy business, put it, for a state that “has long prided itself on a regulatory climate that is business-friendly and encourages, rather than stifles, economic development.”
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