The Biden-Hegar Plan for Killing the Oil and Gas Industry

Headlines across the Lone Star State this morning are raising the alarm on Vice President Joe Biden’s debate comments: “I would transition from the oil industry.” Many Democrats have rebuffed Biden’s plans since last night, but not MJ Hegar. It’s clear she’s on-board.

“Last night left no room for doubt: Democrats are coming hard for Texas’ oil and gas industry and a Biden-Hegar team in Washington would kill hundreds of thousands of jobs in our state and cause economic catastrophe,” said Krista Piferrer, Press Secretary. “MJ has said all along that ‘Democrats should not compromise, not become moderate,’ and Biden just cleared the way for her to ramrod a radical platform of cap and trade and a carbon tax.

Earlier this week, MJ Hegar invited Massachusetts Senator Ed Markey to Texas — who co-authored the Green New Deal along with AOC and Elizabeth Warren (MJ’s original pick for president), and authored the Waxman-Markey Climate Change agenda; both of which would result in “severe consequences-including crushing energy costs, millions of jobs lost and falling household income.”

On Wednesday, Markey assured Texas voters that MJ would vote for Biden’s energy plan (Dallas Early Vote Rally with MJ Hegar and Senator Ed Markey!, 10/21/20). 

MJ has mirrored Biden’s Green New Deal talking points: Not supportive of the Green New Deal’s branding, but is on-board with its substance and spirit. “I support the intent… It politicizes the most important issue facing our kids, which is climate changes, and I would like to sever the politics away from it as much as possible and build a broad bipartisan coalition” (E&E News, 9/30/20). 

MJ says: “I stand with the League of Conservation Voters and the Sierra Club, who support a carbon tax” (Rolling Stone, 8/14/20). 

Her energy portfolio is written by the Sierra Club and League of Conservation Voters, and she recently said she wants to implement the Regional Greenhouse Gas Initiative — “the first mandatory cap-and-trade program in the United States to limit carbon dioxide from the power sector.” 

According to The Heritage Foundation, the bill sponsored by her new quid-pro-quo Senate partner, Markey, would devastate Texas:

·         Reduced Gross State Product: $26.128 billion

·         Reduced Personal Income: $9.187 billion

·         Jobs Destroyed: 94,041

·         Raised Electricity Prices: $890.59 per household

·         Raised Gasoline Prices: $0.62 Per Gallon