The Foundation recognizes the need to address climate change, but any government regulation of carbon must be done carefully.
Government has an important role to play in advancing the development of alternative energy and efficiency technologies. These technologies have significant capital investment costs and the federal government must provide long-term regulatory and tax certainty to these resources to foster the installation and manufacturing base needed to support these industries.
Our entrepreneurs and innovators in Texas will be aided if the federal government allows the development of renewable energy resources on federal lands, streamlines permitting processes and expands efficiency incentives.
Infrastructure investments and the removal of regulatory barriers and uncertainty will accelerate the development of new technology and reduce emissions faster than expansive new regulations, draconian energy taxes and huge new bureaucracies.
Proposed greenhouse gas regulations at the federal level would reduce our ability to provide energy and other products to the nation and would have devastating and disproportionate impact on Texas.
Intentionally crippling Texas’ energy, agriculture and manufacturing sectors in the current economic climate would irreparably damage an already fragile national economy and have negligible effects on worldwide concentrations of greenhouse gas emissions.