The House subcommittee on Economic Growth, Energy Policy and Regulatory Affairs took on the Biden administration’s approach to energy as well as a member of the Rutgers University Climate Institute during a hearing last week.
Rep. Lauren Boebert (R-Colo.) grilled Dr. Mark Paul, a member of the Climate Institute and a fellow of the Climate and Community Project.
Paul informed the subcommittee that climate change is the “greatest crisis humanity has faced” and that the U.S. Must “equitably decarbonize the economy.”
“Dr. Paul in your recently released paper ‘An Economics Case for Restrictive Supply Side Policies,’ you advocate for nationalizing the United States oil and gas industry. Do you still agree with that statement?” Boebert asked.
“Yes,” Paul replied. “In that research paper, we highlight ten policies that would facilitate…”
“So let me get this straight, Dr. Paul,” Boebert interrupted. “So you support a communist style takeover of our oil and gas industry? Because that's exactly what this is, nationalizing our oil and gas industry.”
Paul avoided a giving a direct answer. “The majority of countries around the globe that have substantial fossil fuel reserves have public ownership of those reserves.”
“So this is a communist style takeover. And we've even heard from my colleagues on the other side of the aisle that they never want to invest in fossil fuels, in the infrastructure of it here in America again, which is quite alarming,” Boebert added.
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