Thread by @SenateBudget

The Republican witnesses in yesterday’s @SenateBudget hearing didn’t seem to have their facts straight.

So we’re setting the record straight with FIVE FACT CHECKS.

(1/6) 🧵

#RisingSeasRisingCosts

CLAIM: Fossil-fuel funded @ceidotorg witness falsely claimed the impact of extreme weather has decreased fivefold since 1980s.

FACT CHECK: Not according to the World Meteorological Organization, which finds losses due to extreme weather have increased SEVENFOLD (1970s-2010s).

CLAIM: @ceidotorg’s witness claimed he didn’t know how much funding his organization gets from fossil fuel interests.

FACT CHECK: It got 10s of millions dollars from dark-money groups like DonorsTrust and fossil fuel interests like @exxonmobil, and the Koch Brothers.

CLAIM: Fossil fuel-funded @ceidotorg’s witness claimed carbon pricing is a “cure worse than the disease.”

FACT CHECK: A well-designed carbon pricing regime can both sharply lower emissions AND help raise incomes for low and middle-income families.
rff.org/publications/e…

CLAIM: The fossil-fuel funded witness says you can’t drive economic growth by fixing #climatechange.

FACT CHECK: If we act to achieve net-zero emissions, it could grow the global economy by $43 trillion by 2070. Failure to act could cost $178 trillion.
deloitte.com/global/en/issu…

CLAIM: The same fossil-fuel funded witness suggested renewables need subsidies to be cost competitive.

FACT CHECK: Nope. Solar and wind—unsubsidized—are now cheaper than gas.