Clean Energy Via Legislative Diktat

For those enamored by the clean electric-car,  smoke-and-mirrors "emission elsewhere scheme" comes  the recently enacted "Virginia Clean Economy Act", which includes one of the largest energy storage targets in the country at 2.4 GW by 2035, and prompts state regulators to craft a carbon dioxide cap and trade program that meets the objectives of the Regional Greenhouse Gas Initiative (RGGI). The act, which requires Virginia’s electric utilities and competitive suppliers to generate electricity from 100% renewable energy by 2050, passed on the same day that Dominion Energy, the state’s largest utility, announced its goal of achieving net-zero emissions by 2050. Carbon dioxide has been deemed a pollutant via legislative diktat.  Accordingly,  embedded in this legislation is language which prevents the Virginia State Corporation Commission from approving “any investor-owned utility to own, operate, or construct any electric...(Read Full Article)
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