Rain Tax Guy: Climate Change Greatest Business Opportunity to Come to Our Country in 100 Years

()  Hillary Clinton may be the prohibitive favorite, and the Democratic slate for the presidential nomination almost certainly won’t be as large as the Republican field. But Saturday, another credible candidate joined Clinton and Vermont Sen. Bernie Sanders in the race: former Maryland Governor Martin O’Malley, who left office in January after serving for eight years. And, like Clinton and Sanders, those who care about the climate will find him a more sympathetic candidate than anyone on the GOP side.

In his announcement speech, O’Malley declared, “Climate change is real. We must create an American jobs agenda to build a new renewable energy future.”

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He set a goal of reducing Maryland’s greenhouse gas emissions by 80 percent over 2006 levels by 2050. During his two terms, O’Malley participated in the Regional Greenhouse Gas initiative(2007), released the Maryland Climate Action Plan (2008), successfully pushed for the Greenhouse Gas Emissions Reduction Act (2009) and launched the state’s Zero Emissions Vehicle Program (2013).

He also passed the Maryland Offshore Wind Energy Act in 2013 after two defeats, offering a subsidy that could open the door to offshore wind development some time in the future.

And late last year, when Congress was voting on the Keystone XL pipeline, O’Malley has been unequivocal in his opposition to it. He took to social media to urge its rejection saying we should look beyond “smallball choices” on energy, saying it was “too much CO2 and not nearly enough jobs.”

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Just before leaving office last year, however, O’Malley stirred up some controversy on an issue that evokes strong feelings: fracking. With Republican Larry Hogan, who called fracking “an economic gold mine,” about to follow him into office, O’Malley announced some guidelines for companies that were casting a longing eye on the gas deposits in the state’s western panhandle, which sits on the Marcellus shale formation. He touted that his rules were the strictest in the country but many environmental groups were unhappy that he was willing to be open to fracking at all.

“The safest strategy for drilling for gas in the Marcellus Shale is to not drill for that gas at all,”said the Chesapeake Climate Action Network. “We do not believe the state report proves the case that fracking can be done with acceptable public health and environmental safety in Maryland.”

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“Governor Martin O’Malley’s announcement that his administration will release regulations on fracking next month ignores the tens of thousands of Marylanders calling on him to keep fracking out of the state,” said Wenonah Hauter of Food & Water Watch in a statementGovernor O’Malley Caves to Oil & Gas interests; Opens Up Maryland to Fracking. “He leaves control of fracking’s regulation in the hands of pro-fracking governor-elect Larry Hogan, someone who sees fracking as a ‘goldmine’ for the state’s coffers. The fact that O’Malley is praising Maryland’s fracking rules as the strictest in the country means nothing considering Hogan will likely change the rules or dismantle them completely.”

During his campaign, Hogan had said, “States throughout the country have been developing their natural gas resources safely and efficiently for decades. I am concerned that there has been a knee-jerk reaction against any new energy production.” However, he let it be known over Memorial Day weekend that he would not veto a two-and-a-half year fracking moratoriumpassed by the Maryland legislature and now the moratorium has become law.

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