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The Wall Street Journal’s editorial board penned an op-ed Tuesday slamming California Governor Gavin Newsom for the aggressive new regulations he’s imposed on the state’s energy production amid an already dire shortage.
“California can barely keep the lights on as its climate policies bite into the electric grid, but Governor Gavin Newsom is not stunned,” the editorial wrote. “On Friday at least 40 — counting 40 — signed a new climate bill to experience the California green energy shock.”
Editors note that California gas prices are still well above the national average.
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“Even with gasoline prices across the country dropping to an average of $3.68 a gallon, Californians are still paying $5.45 a gallon. California electricity prices are already more than double those in neighboring states,” she wrote. “This is what happens when politicians try to eliminate fossil fuels with a Molotov cocktail of regulation, taxes, mandates, and renewable subsidies.”
Editors criticized Newsom for saying “we’re just getting started” last week.
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They criticized the legislation to force so-called “clean electricity” to 90 percent of the country’s entire capacity by 2035, noting that it would require energy companies to “begin to skew investments further to meet the new goals.”
“This will require a rapid and significant expansion of battery storage, manufacturing, and non-existent technology,” they wrote.
The editors also cited the imposed 85% reduction in greenhouse gas emissions as a troubling part of the policy that will further hamper the state’s economy.
“You almost have to wonder if California Democrats are trying to alienate working-class families and businesses to relieve pressure on the grid and achieve their climate goals,” the editors wrote.
“The rich progressives will get the state for themselves,” they continued.
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Editors have speculated that climate policies could be part of Newsom’s effort to position himself as a potential 2024 presidential candidate if President Biden decides not to run. During an interview on “60 Minutes” Sunday, Biden questioned whether he was planning to run. He said it was “too early” to say whether he would seek re-election.