Report: American consumers would foot the bill if climate cases succeed
Power the Future says more than 300 pending actions and proposals could raise gas prices 41 cents a gallon and add $280 billion in annual costs.
- A new report, Who Really Pays, claims climate litigation presents a "massive hidden price tag" to American consumers, with pending lawsuits and proposed laws potentially raising gas prices by roughly 41 cents per gallon.
- The United States Supreme Court will hear arguments next week in Suncor vs. Boulder County Commissioners, a case determining whether local governments can use state laws to seek damages from energy companies for alleged climate contributions.
- Findings assess more than 300 pending legal actions, three enacted state statutes, twelve legislative proposals, and one federal bill, suggesting the burden on the American energy system could reach $280 billion annually, costing households up to $2,111 yearly.
- Besides more expensive gasoline, electricity rates could increase by up to 8.6%, the report noted; low-income households already spend 9.1% of income on energy, making poorer families most vulnerable to price hikes.
- Power the Future Daniel Turner called on Congress to pass the Stop Climate Shakedowns Act, which would "reassert federal primacy over greenhouse gas regulation and bar retroactive climate liability suits" against so-called "climate lawfare.
17 Articles
17 Articles
The ‘climate lawfare’ Pandora’s box is about to blow up energy bills
Despite billions of taxpayer dollars directed toward forcing a transition to intermittent renewables, wind and solar have not replaced reliable thermal energy. Instead, they have only added to an increasingly energy-hungry economy that still depends on oil, natural gas, and coal to keep America moving. Whether they realize it or not, every American still relies […]
Report: American consumers would foot the bill if climate cases succeed - Regional Media News
(The Center Square) - A new report exposed the "massive hidden price tag" that what it calls "climate lawfare" presents to American consumers, the report concluding that if each climate case and proposed law succeeded, energy prices would rise including gas prices increasing by about [...]
Report: American consumers would foot the bill if climate cases succeed - The Daily Bo Snerdley
(The Center Square) – A new report exposed the “massive hidden price tag” that what it calls “climate lawfare” presents to American consumers, the report concluding that if each climate case and proposed law succeeded, energy prices would rise including gas prices increasing by about 41 cents a gallon. Co-author of the report as well as founder and executive director of Power the Future Daniel Turner said in a statement obtained by The Center …
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Report: American consumers would foot the bill if climate cases succeed
(The Center Square) – A new report exposed the “massive hidden price tag” that what it calls "climate lawfare" presents to American consumers, the report concluding that if each climate case and proposed law succeeded, energy prices would rise including…
New Report Exposes The Hidden Costs of Climate Lawfare - Power The Future
Power The Future, along with economist E.J. Antoni, released a new report, Who Really Pays? The Consumer Cost of Climate Litigation and “Climate Superfund” Legislation in the United States, exposing the massive hidden price tag Americans could pay for nationwide climate lawsuits. The report finds that if every pending lawsuit and proposed law succeeded, the burden on the American energy system could reach $280 billion a year, adding roughly 41 c…
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