Zachary Evans reports for National Review that California governor Gavin Newsom has proposed a ban on new fracking permits in California by 2024.
- Banning new natural gas projects defies climate science and basic economics.
- America’s power sector emissions have declined by 33% since 2005, due in large part to the fracking revolution.
- Natural gas provides essential baseload power for renewable energy sources.
- This ban on new fracking will increase the cost of energy bills, decrease consumer choice, and do little to reduce emissions.
“The announcement does not affect permits for existing fracking wells, which supply about 17 percent of California’s gas and oil, according to the New York Times. Newsom also ordered regulators to ‘analyze pathways to phase out oil extraction’ in California by 2045, according to a statement released on Friday.”
Read the full article here.