While speaking about climate change in his farewell speech last week, President Obama boasted, “We’ve halved our dependence on foreign oil.”
Like other left-wing climate activists, he believes that massive “treaties” like the Paris Climate Agreement are the answer. But, as economist Bjorn Lomborg explains, climate deals do virtually nothing for the climate and come with eye-popping price tags.
Watch the video that follows and see how free market innovation – specifically, abundant and cheap natural gas – has not only reduced CO2 emissions, but also, in direct contrast to the costly Paris Treaty, has made us wealthier in the process.
