Comments by President Joe Biden about shutting coal-powered energy plants days before critical midterm elections drew fire on Nov. 5 from a key conservative Senate Democrat.
“No one is building new coal plants because they can’t rely on it, even if they have all the coal guaranteed for the rest of their existence of the plant,” Biden said on Nov. 4 at an event touting his administration’s economic policies in Carlsbad, California.
“We’re going to be shutting these plants down all across America and having wind and solar.”
The remark cast light on a touchy political issue for Biden and his fellow Democrats - inflation near four-decade peaks—that voters say is their top concern. Higher energy costs following Russia’s war in Ukraine have helped lift prices, along with the economic rebound from the COVID-19 pandemic.
Pennsylvania, where Biden was scheduled to campaign later on Nov. 5, is both a major producer and consumer of coal. The midterms on Nov. 8 will determine whether Democrats retain control of Congress and hinge on races like the one for an open Senate seat in Pennsylvania.
Senator Joe Manchin, who represents coal-producing West Virginia, said on Biden’s Nov. 5 remarks were “outrageous and divorced from reality” while also dismissing “the severe economic pain the American people are feeling because of rising energy costs.”
“Comments like these are the reason the American people are losing trust in President Biden and instead believe he does not understand the need to have an all-in energy policy that would keep our nation totally energy independent and secure,” Manchin said in a statement. “It seems his positions change depending on the audience and the politics of the day.”
Later on Nov. 5, White House spokeswoman Karine Jean-Pierre said the comment was intended to highlight the country’s energy transition.
“The President’s remarks yesterday have been twisted to suggest a meaning that was not intended; he regrets it if anyone hearing these remarks took offense,” Jean-Pierre said in a statement.
“He is determined to make sure that this transition helps all Americans in all parts of the country, with more jobs and better opportunities; it’s a commitment he has advanced since Day One. No one will be left behind,” she added.
Biden has long made shifting the United States from fossil fuels a part of his program to address climate change and reduce carbon emissions. He plans to travel to the COP27 climate summit in Egypt just two days after the congressional elections.
The power industry is the source of a quarter of the nation’s greenhouse gases and Biden campaigned on a pledge to cut net emissions to zero by 2035.
U.S. carbon emissions from the power sector have already dropped sharply in recent years as utilities retire old coal-fired power plants in favor of natural gas, solar and wind power—a shift driven by decreasing prices for these sources and state and federal incentives for renewable energy.
Recommended Reading
Q&A: Dan Pickering Talks M&A, US Production Growth and the Energy Transition
2023-01-27 - Dan Pickering, Chief Investment Officer of Pickering Energy Partners (PEP), discusses U.S. production and M&A after a “funky and weird” 2022 and sees the U.S. shale boom settling into a “shale business.”
What's Affecting Oil Prices This Week? (Dec. 5, 2022)
2022-12-05 - Stratas Advisors considers the Brent crude outlook following OPEC+'s decision to reduce crude supply by 2 MMbbl/d, along with the $60 price cap on Russian oil implemented by G7 countries, the European Union and Australia.
What's Affecting Oil Prices This Week? (Dec. 12, 2022)
2022-12-12 - OPEC member are experiencing supply issues, but they are being overshadowed by decreased Brent crude demand in the U.S., as well as global economy concerns, according to Stratas Advisors.
What's Affecting Oil Prices This Week? (Jan. 30, 2023)
2023-01-30 - Imposition of Russian oil exports is set to take effect on Feb. 5, which is expected to negatively affect Europe's diesel market due to the region's dependence on diesel fuel imported from Russia.
Oil Prices Climb by $2 Amid Forecasts for 2023 Demand Uptick
2022-12-14 - Oil prices have been supported by a leak and outage of TC Energy Corp's Keystone Pipeline, which ships 620,000 bbl/d of Canadian crude to the United States.