Today the Senate voted to pass the Inflation Reduction Act, which proponents claim includes monumental action to address the climate crisis.
In response, Food & Water Watch Managing Director of Policy Mitch Jones issued the following statement:
“It’s no surprise that climate policy tailored to meet the demands of a coal baron would fall well short of what’s needed to adequately address the severity of the climate crisis we face. The bill devotes billions to industry schemes like carbon capture, which exist solely to extend the life of the fossil fuel industry. Models touting the emissions reductions this legislation would provide rely heavily on carbon capture despite decades of evidence that the technology can’t be implemented effectively.
“There is already abundant evidence that investing in clean, renewable energy does not, in and of itself, displace fossil fuels. Over the past decade, both have grown side-by-side, as fossil fuel interests have pushed to create profitable export markets for oil and gas. There is nothing in this legislation that would stop this march towards the climate cliff.
“We know that any adequate climate policy must directly confront fossil fuels. The fact that oil and gas executives seem pleased with this legislation speaks volumes about its glaring shortcomings. Activists and frontline communities will continue fighting to stop fossil fuel corporations that threaten our air, our water and a livable planet.”