Amid Highest Inflation In Four Decades, Governor Glenn Youngkin Takes Action To Reduce Energy Costs In Virginia

During his first State of the Union Address on March 1, President Joe Biden proclaimed a goal to “cut energy costs for families an average of $500 a year by combatting climate change.” Across the Potomac River in Virginia, meanwhile, Governor Glenn Youngkin (R) is pressing forward with a goal that, if achieved, would reduce utility bills throughout the commonwealth. That objective, outlined in a January 15 executive order, is Virginia’s removal from the Regional Greenhouse Gas Initiative (RGGI). RGGI is a multi-state carbon cap and trade program that, according...