https://www.wsj.com/articles/a-green-ballot-trouncing-1541719310?cx_testId=16&cx_testVariant=cx&cx_artPos=2&cx_tag=collabctx&cx_navSource=newsReel#cxrecs_s
Tuesday’s election highlighted that more voters like Donald Trump’s policies than like him. Consider this week’s voter embrace of Mr. Trump’s pro-growth energy positions, via nationwide rejection of initiatives to raise energy costs.
Most notable was Washington State’s defeat of a carbon tax for the second time in two years. Climate activists designed the 2016 measure to be “revenue neutral” in hopes of masking the costs but still lost big. This time they aimed to win over progressives by promising to earmark carbon tax revenue for green subsidies and other spending.
The tax would have raised gas prices by 13 cents a gallon in 2020 and 59 cents a gallon by 2035—in a state that already has some of the highest gas prices in the country. While Seattle residents bought it, suburban and rural voters killed the measure 56%-44%.
Colorado voters rejected (57%-43%) a ballot measure that would have shut down most new oil and gas exploration. Proposition 112 would have banned such exploration within 2,500 feet of any structure deemed a “vulnerable area” by the state or local government—which would have meant most of the state.
A Common Sense Policy Roundtable analysis estimated a $218 billion hit to Colorado’s GDP from 2018-2030, and Democratic Governor John Hickenlooper warned that strangling an industry that accounts for 15% to 20% of the state economy could trigger a recession. Democratic Gov.-elect Jared Polis has supported drilling limits in the past, though even he opposed Prop 112. We’ll see if he and the all-Democratic state Legislature continue to heed voters.