Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

U.S. Democrat unveils resolution to electrify the economy

Published 05/18/2021, 06:30 PM
Updated 05/18/2021, 06:40 PM
© Reuters. FILE PHOTO: Senator Martin Heinrich (D-NM) speaks about the Senate Intelligence Committee findings and recommendations on threats to election infrastructure on Capitol Hill in Washington, U.S., March 20, 2018. REUTERS/Joshua Roberts

(Reuters) - Democratic U.S. Senator Martin Heinrich on Tuesday introduced a resolution calling for policies to accelerate the widespread electrification of the economy and slash the use of fossil fuels.

The move comes as congressional Democrats are seeking to advance President Joe Biden's $2 trillion infrastructure plan to build out clean energy and combat climate change. The plan has faced resistance from Republicans over the price tag, scope and funding.

Heinrich's non-binding Electrifying America's Future resolution includes calls for electrifying polluting sectors like construction and transportation, expanding interregional transmission capacity, boosting financing for electric technologies and modernizing building codes to encourage adoption of electric appliances.

"This must be informing our decisions about infrastructure," Heinrich said at a press conference to unveil the resolution.

Electrifying infrastructure would deploy existing, proven technologies and create millions of good-paying union jobs, he said.

Proponents of switching high-emitting industries to run on electricity want buildings, vehicles and machinery to be powered by an emissions-free grid rather than oil or natural gas. The fossil fuel industry says many emerging electric technologies are simply unaffordable.

The aim of policies focused on electrification, Heinrich said, is to make sure that appliances like heat pump water heaters, which run on electricity, are widely available to businesses and consumers.

"If you don't have the heat pump water heater on the back of the truck it's not going in the house," he said. "We need to figure out all of these friction points and use the jobs and infrastructure package to solve these friction points."

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

silliness
".....policies to accelerate the widespread electrification of the economy and slash the use of fossil fuels."  -- this is already happening in US, even during the last 4 years, even oil and auto and utility companies are reorganizing their business models to fit this new reality, but I am sure you know more than they do
When the world is moving rapidly towards getting rid of human element from their business apparatus incorporating more machines & software, the Americans are talking of words like 'Unions'. lol.
Electrify your self dude! We simply don't have infrastructure to deliver this behemoth amounts of electricity. There is not enough lithium, power plants. What an i.d.io.t.  Man and reuters print this like it is a genius piece!
By putting trillions into the pockets of globalist climate change entities pockets at the expense of the American taxpayer while we are already trillions in debt?
they should electrify(cute) themselves
Lmao
Fanatics
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.