Washington Is Selling Insurance Against Itself: Liam Denning

The legislating of energy policy in Washington has become so volatile that some folks want to sell insurance against it. Those folks happen to be the politicians in Washington legislating energy policy. If that sounds akin to the world’s most ridiculous protection racket, hold on; it is more insidious than that.

As House committees release initial drafts of language for President Donald Trump’s totemic tax bill, much of the focus this week has been on what they want to cut, especially which clean energy subsidies. There is also, however, a curious addition in the markup from the Energy and Commerce Committee: Section 41007, establishing a ...