Steyer was recently criticized by the head of the Laborers’ International Union of North America for his vehement opposition to the Keystone XL Pipeline. But now, Steyer may be picking a fight with the Obama Administration on natural gas. While Obama has been slow to approve LNG terminals to export gas, his Administration has been willing to see natural gas replace coal as a source of electricity.
But that may not be radical enough for Steyer who, as this article points out, “Tom Steyer is ready to bankroll groups opposed to all fossil fuel development – including natural gas.” The article goes on to note that “Opposition to natural gas will pit him against President Obama and his administration, including EPA Administrator Gina McCarthy, Energy Secretary Ernest Moniz, and Secretary of the Interior Sally Jewell.”
All of this would be just an interesting slow motion train wreck among two factions of the Democratic Party were natural gas not such an important part of New Mexico’s economy.
On the flip side, legislation introduced partially in response to Russian activities in the Ukraine in support of exporting natural gas to America’s allies recently passed a House Subcommittee on a bi-partisan vote. Unfortunately, as reported by the left-wing Daily Kos Majority Leader Reid has blocked the effort to speed LNG exports in the Senate.
As bad as the Obama economy has been and continues to be, the ironic thing is that the fracking boom has salvaged any semblance of economic recovery (and cut carbon emissions, by the way). Now, the billionaire-funded hard-left is moving against even that!