Data Spotlight: Higher Energy Costs Mean Higher Poverty Rates
According to a new report from the U.S. Senate Committee on Energy and Natural Resources, a 10 percent increase in household energy prices would push 840,000 more families into poverty. In a time of rising income inequality, any policy that increases energy costs is unacceptable. The committee’s study is especially troubling in light of another report issued last week – this one from the nonpartisan Government Accountability Office – that said, in part due to increased regulation, by 2025 the U.S. will lose13 percent of its coal-fueled generating capacity. Because MSCI recognizes the effects higher energy prices have on the companies we represent, and the families who work for those companies, it advocates for an all-of-the-above energy policy and economically-sound regulations on American energy producers. To learn more, check out MSCI’s policy agenda.