Cap and Invest = higher energy prices

Right now, New York’s Department of Environmental Conservation is working on regulations for a “Cap & Invest” scheme that could send fuel prices soaring. The state’s own models forecast that this measure could send gasoline prices by more than 60 cents per gallon, increase oil and propane prices similar amounts, and increase natural gas rates by 80%.

Advocates call it a tax on “polluters,” by which they mean everyone who provides heat to your home, fuel for your car, or power for your home or business. Do you think for a moment that this won’t be passed along to every consumer? NY already has perhaps the highest cost of living in the U.S., and residents and businesses are fleeing our state. How much more can we take?

The problem is that Albany’s reckless energy plans will clearly cost billions of dollars more than they projected or have told us, and they need to raise more money. In the effort to reduce carbon emissions, they have committed us to a narrow pathway of total electrification on a pace and scale that defies logic.

We need a broader energy plan that incorporates available lower carbon fuels like Bioheat® fuel and renewable propane and which sets realistic goals.

To learn more about what’s going on and to make your voice heard, please go to SmarterNYEnergy.org