The Right Answer: on Energy & Oil


Donald Trump: OpEd: US is only country out of 197 to reject Paris accord

The US government has completely abdicated its role as a leader in the effort to slow and ultimately reverse climate change. In 2017, the Trump administration shocked the world by rejecting the Paris climate agreement--the only country out of 197 to do so. This is bad not only for the environment but also for our economy. We should be positioning ourselves to be the leader in the new energy economy. Instead, our government refuses to acknowledge that climate change is occurring.
Source: The Right Answer, by Rep. John Delaney, p. 81 May 29, 2018

John Delaney: Align incentives so creators of CO2 emissions pay for them

Putting a price on carbon emissions, is a free-market approach that would incentivize the private sector to innovate and thus provide a path into a clean energy economy. Currently, the incentives to reduce emissions are misaligned: the negative impact of the emissions falls on the world as a whole, rather than on the people creating those emissions. If we want to change behavior, we need to realign the incentives by making sure that the people who create the emissions are the ones paying for them.
Source: The Right Answer, by Rep. John Delaney, p. 82 May 29, 2018

John Delaney: Gas tax has fallen since 1993, due to inflation

For years the U.S. government has imposed a small gas tax at the pump. These revenues go into a big pot called the Highway Trust Fund, which then doles out the money to states for surface transportation projects. Ninety percent of our country's roads, bridges, and transit projects are funded in this way--and for a long time, the fund was self-sufficient, meaning the gas tax covered the cost of maintaining and improving our transportation infrastructure.

The gas tax isn't indexed to inflation, however, so the value of the revenue it brings in goes down over time. And because we haven't raised the tax since 1993, a quarter century ago, the Highway Trust Fund now runs at a shortfall, which means that every five years, Congress has to scrape together some additional money to subsidize it.

Source: The Right Answer, by Rep. John Delaney, p.132 May 29, 2018

  • The above quotations are from The Right Answer
    How We Can Unify Our Divided Nation
    by John K. Delaney    .
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V.P.Joe Biden (D-DE)
Mayor Mike Bloomberg (I-NYC)
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Mayor Pete Buttigieg (D-IN)
Sen.Cory Booker (D-NJ)
Secy.Julian Castro (D-TX)
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