Andrew Yang on Energy & Oil

Democratic Presidential Challenger & Tech CEO


Decarbonize US economy by 2035

Yang said, "The magic of Joe Biden is that everything he does becomes the new reasonable."

"If he comes with an ambitious template to address climate change, all of a sudden, everyone is going to follow his lead." He's floated a climate plan that would decarbonize the US economy by 2035. Waleed Shahid, the communications director for Justice Democrats, told Vox that Biden's policy slate is "the most progressive platform of any Democratic nominee in the modern history of the party."

Source: Zack Beauchamp on Vox.com on 2020 Dem. National Convention , Aug 20, 2020

Move subsidies from fossil fuel to wind and solar

I would zero out the billions and billions of dollars of subsidies that are going to these fossil fuel companies that are way, way past their sell-by date. I would take those subsidies, move them to wind and solar. And then I would put a price on carbon immediately so that polluters actually have to pay into a system that will help reduce emissions.
Source: CNN Town Hall 2020: Presidential/NYC Mayoral race , Feb 5, 2020

Supports next-generation thorium reactors

Other countries have had success with nuclear power and the next generation thorium reactors have a wealth of potential. Thorium is not radioactive the way uranium is. It doesn't last as long and you can't make a weapon out of it. Whereas if we're going to innovate our way out of this, then we have to have nuclear on the table.
Source: Newshour/Politico/PBS December Democratic primary debate , Dec 19, 2019

Get incentives right to subsidize renewable energy

Q: Should the U.S. government offer subsidies for renewable energy, such as wind energy or ethanol?

YANG: Yes. The government needs to get the incentives right, so we should provide subsidies to the renewable sector and end them for fossil fuel companies.

Source: USA Today on 2019 Democratic primary , Nov 7, 2019

Stop subsidizing fossil fuel industries; support carbon tax

Q: How to pay for sustainable energy?

YANG: The big picture is, we subsidize the fossil fuel industry to the tune of hundreds of billions of dollars. And so now everyone is, like, "where's the money?" We know where the money is. We put hundreds of billions into the fossil fuel industry. We're still subsidizing it to this day, and now it's time to take some of that money and channel it to the needs of the American people. We need to get with the program, wake up to the reality around us and let you know that you're not on your own. This is not a "you" problem, this is an "us" problem. And what do sophisticated, advanced societies do when it's an us problem? We put some of our collective resources to work and we solve the problems on the ground.

Q: Would you eliminate some subsidies for fossil fuel or subsidies?

YANG: I'd get rid of them all. Why would you leave any of them?

Source: CNN Climate Crisis Town Hall marathon (10 Democrats) , Sep 4, 2019

Energy companies only operate on the bottom line

Q: Do you support a carbon tax and how much should it be?

YANG: We need to have a carbon tax because we need to have polluters internalize the cost of their pollution. You start at $40 a ton and then you ramp up to $100 a ton to give them time to adjust. But these companies only operate on the bottom line. You can't say do the right thing and then have all the executives get paid for making tons of money at the expense of the earth. We have to tie people's incentives to doing the r then you'll actually see their behavior change very quickly.

Q: Would you ban all fossil fuel exports from the United States?

YANG: I think we have to stop subsidizing the industry, but I don't think that includes banning exports. Because if our fossil fuel industry, which is going to be around for some period of time, is competitive and cost competitive enough to export to another country, I wouldn't stand in the way of that.

Source: Climate Crisis Town Hall (CNN 2019 Democratic primary) , Sep 4, 2019

Convert to all-electric cars, via "Clunker" buy-backs

Q: Are all Americans going to have to drive electric cars?

YANG: We are all going to love driving our electric cars. There will still be some legacy gas guzzlers on the road for quite some time, because this is not a country where you're going to, like, take someone's clunker away from them. But you are going to offer to buy the clunker back and help the

Source: Climate Crisis Town Hall (CNN 2019 Democratic primary) , Sep 4, 2019

Nuclear needs to be on table; new reactors use thorium

Nuclear energy needs to be on the table in a transition to a more renewable economy, because our society consumes a great deal of energy. We are working on these new generation nuclear reactors that use thorium, instead of uranium. Thorium is not natively fissile or radioactive. It's much safer to dispose of. It produces much more energy. Trying to get rid of all the nuclear power plants that produce 20% of the nation's energy is not going to help us accomplish our goals.
Source: Climate Crisis Town Hall (CNN 2019 Democratic primary) , Sep 4, 2019

Provide developing countries alternatives to fossil fuels

The first step to any action on climate change is to rejoin the Paris Accords so that we have the moral authority and allies in order to fight the existential threat that is climate change. In order to combat the development of fossil fuel power expanding to developing countries, we have to provide a viable alternative.
Source: Council on Foreign Relations on 2020 presidential primary , Aug 9, 2019

10 years too late on climate change, move to higher ground

Yang said, "Even if we were to curb our emissions dramatically, the Earth is going to get warmer. The last four years have been the four warmest years in history. We are too late. We are 10 years too late."

"We need to do everything we can to start moving the climate in the right direction," he continued, "but we also need to start moving our people to higher ground--and the best way to do that is to put economic resources into your hands so you can protect yourself and your families."

Source: The Atlantic magazine on 2019 Democratic primary , Aug 1, 2019

Energy & Oil

Time to start moving our people to higher ground V.P. Joe Biden: We're responsible for 15% of all the [global emissions].

Yang: The important number is that the U.S. was only 15% of global emissions. We like to act as if we're 100%, but even if we were to curb our emissions dramatically, the earth

Source: July Democratic Primary debate (second night in Detroit) , Jul 31, 2019

US only accounts for 15% of global emissions, but take steps

Q: Do you think it's possible for the next president to stop climate change?

A: "I don't believe that the president can put a halt to climate change, given that the United States only accounts for 15 percent of global emissions, but we can take dramatic steps to combat it."

Source: 2019 "Meet the Candidates" (NY Times.com) , Jun 18, 2019

Rejoin rest of world in Paris Climate Agreement

Q: Would you keep the US in the Paris Agreement and commit to more ambitious targets in 2020?

Yang: "Absolutely. America needs to rejoin the rest of the world in formally recognizing the threat posed by climate change and work with all nations to combat this existential crisis. The Paris Agreement doesn't go far enough to mitigate climate change, and the U.S. should be a part of the conversation on what targets are necessary and how we can get to them. Only through something like the Paris Agreement can we effectively tackle this problem. The US accounts for only about 15% of global emissions, so any solution requires other countries to make similar changes. We also need to recognize that our targets probably aren't enough to prevent some of the worst effects of climate change. We need to heavily fund research into geoengineering projects such as carbon capture in order to undo some of the damage we've already done. The U.S. should be a leader in developing this technology."

Source: 2019 "Meet the Candidates" (NY Times.com) , Apr 18, 2019

Invest heavily in carbon capture and geoengineering

Source: 2020 presidential campaign website Yang2020.com , Mar 29, 2019

Carbon tax: internalize the cost of carbon emissions

We need to have companies internalize the cost of carbon emissions to provide incentives for them to innovate and invest in cleaner technologies and processes. If you are pumping carbon into the atmosphere you should pay your fellow citizens for it as we all pay for it in the end. We need to use the money to improve the efficiency and availability of renewable energy.
Source: 2020 presidential campaign website Yang2020.com , Mar 29, 2019

Mixed score on "350 Action's 2020 Climate Test"

The environmental group 350 Action released a candidate scorecard known as the 2020 Climate Test to assess presidential hopefuls on three major metrics: support for a Green New Deal, opposition to new fossil fuel development and refusal to accept money from energy companies. [Candidates supporting all three issues]: Four candidates have supported two of 350 Action's three benchmarks.Three candidates have failed all three of 350 Action's tests, attacking the Green New Deal or making no firm pledges to work against fossil fuel companies.
Source: Mother Jones, "On Climate," on 2020 Presidential Hopefuls , Mar 27, 2019

Other candidates on Energy & Oil: Andrew Yang on other issues:
2020 Presidential Candidates:
Pres.Donald Trump (R-NY)
V.P.Mike Pence (R-IN)
V.P.Joe Biden (D-DE)
Sen.Kamala Harris (D-CA)
CEO Don Blankenship (Constitution-WV)
CEO Rocky De La Fuente (R-CA)
Howie Hawkins (Green-NY)
Jo Jorgensen (Libertarian-IL)
Gloria La Riva (Socialist-CA)
Kanye West (Birthday-CA)

2020 GOP and Independent primary candidates:
Rep.Justin Amash (Libertarian-MI)
Gov.Lincoln Chafee (Libertarian-RI)
Gov.Larry Hogan (R-MD)
Zoltan Istvan (Libertarian-CA)
Gov.John Kasich (R-OH)
Gov.Mark Sanford (R-SC)
Ian Schlackman (Green-MD)
CEO Howard Schultz (Independent-WA)
Gov.Jesse Ventura (Green-MN)
V.C.Arvin Vohra (Libertarian-MD)
Rep.Joe Walsh (R-IL)
Gov.Bill Weld (Libertarian-NY,R-MA)

2020 Democratic Veepstakes Candidates:
State Rep.Stacey Abrams (D-GA)
Mayor Keisha Lance Bottoms (D-GA)
Rep.Val Demings (D-FL)
Sen.Amy Klobuchar (D-MN)
Sen.Kirsten Gillibrand (D-NY)
Sen.Maggie Hassan (D-NH)
Gov.Michelle Lujan-Grisham (D-NM)
Sen.Catherine Masto (D-NV)
Gov.Gina Raimondo (D-RI)
Amb.Susan Rice (D-ME)
Sen.Jeanne Shaheen (D-NH)
Sen.Elizabeth Warren (D-MA)
Gov.Gretchen Whitmer (D-MI)
A.G.Sally Yates (D-GA)
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External Links about Andrew Yang:

2020 Withdrawn Democratic Candidates:
Sen.Michael Bennet (D-CO)
Mayor Mike Bloomberg (I-NYC)
Sen.Cory Booker (D-NJ)
Gov.Steve Bullock (D-MT)
Mayor Pete Buttigieg (D-IN)
Secy.Julian Castro (D-TX)
Mayor Bill de Blasio (D-NYC)
Rep.John Delaney (D-MD)
Rep.Tulsi Gabbard (D-HI)
Sen.Mike Gravel (D-AK)
Gov.John Hickenlooper (D-CO)
Gov.Jay Inslee (D-WA)
Mayor Wayne Messam (D-FL)
Rep.Seth Moulton (D-MA)
Rep.Beto O`Rourke (D-TX)
Gov.Deval Patrick (D-MA)
Rep.Tim Ryan (D-CA)
Sen.Bernie Sanders (I-VT)
Adm.Joe Sestak (D-PA)
CEO Tom Steyer (D-CA)
Rep.Eric Swalwell (D-CA)
Marianne Williamson (D-CA)
CEO Andrew Yang (D-NY)

Page last updated: Apr 29, 2021