If a company quadrupled sales while simultaneously reducing all expenses to levels from 30 years ago, it would be celebrated from Main Street to Wall Street. Books would be written about such performance and that model would be taught in schools as a clinic on operating excellence.
Well, that story is the metaphor for how the U.S. has balanced economic production and carbon emissions. But instead of celebrating and building on that success story, the Biden administration has embarked on a quixotic agenda that in one policy motion will punish the U.S. economy for its unmatched performance, and in perverse irony, likely do harm to the climate.
And the lost opportunity and increased energy cost will disproportionately hurt America’s small businesses. Recently in an online poll, we asked small business owners, “How will the climate plans of the Biden administration impact your business?” Almost 80% rejected the new president’s energy agenda as damaging to their business.