Power the Future condemns President Biden’s ‘green assault on American energy’
Specific: Power the Future, a leading energy industry group, published a report That said, could serve as an energy policy roadmap for House Republicans when they take majority control of the chamber next year.
The group, which represents the interests of energy industry workers across the country, outlined 10 policy priorities for Republicans to pursue and areas where GOP leadership could oversee and scrutinize Biden administration policymaking. Power the Future argued that a comprehensive energy agenda was critical to pushing back on President Biden’s climate policies, which have hindered fossil fuel growth.
During the midterm elections this month, Republicans regained control of the House for the first time since early 2019. The victory gives GOP members leadership roles on key committees that greenlight legislation and initiate oversight at federal agencies.
“Since the beginning of his presidency, Biden has indulged in apocalyptic concerns about climate change at the cost of American energy production, workers and consumers,” the report said.
“The results of Biden’s green assault on American energy have been disastrous,” the report continued. “Since Biden took office, gasoline prices have begun a steady rise, reaching their all-time high of… $5.00 a gallon earlier this year, and $5.00 a gallon earlier this year. 87 cents more than the time.”
Among Power the Future’s 10 priorities in the report, the group implored Republicans to repeal the so-called natural gas tax implemented in the Democrats’ Inflation Reduction Act, which Biden signed in August. The natural gas tax included in the bill would force energy producers to pay $900 per ton of methane emitted in 2024, $1,200 per ton in 2025 and $1,500 per ton in 2026, raising a total of $6.5 billion in federal revenue Will happen.
The group also called on Republicans to reverse Biden’s moratorium on oil and gas leasing, calling his record on the issue “simply atrocious”. While a federal judge struck down the moratorium last year, the Biden administration has repeatedly delayed onshore lease sales.
According to federal data, domestic oil production under the Biden administration has remained at a level of about 12 million barrels per day, a million barrels below the pre-pandemic level of March 2020.
The report recommends, “Congress should pass legislation to end Biden’s illegal leasing moratorium, and require that any future moratorium must first be passed by Congress and signed by the President.” “
“It should also require a minimum number and geographic breadth of quarterly oil and gas lease sales, allow the ‘Application for Permission’ (APD) to be effective 30 days from the date of filing the application, and on hydraulic Repeal federal regulatory authority. Fracturing, citing state regulatory regimes.”
Power the Future also calls on Congress to approve the Keystone XL pipeline that Biden vetoed, block the president’s financial rules to curb fossil fuel production and repeal a federal rule that would allow California to aggressively Allows setting of emission standards. And the report says Republicans should work to end “sue and settle” lawsuits that encourage environmental groups to file legal challenges in an effort to slow energy development.
In its final four recommendations, the group said a Republican-majority House should ban the Biden administration’s “social cost of carbon” policy, which requires agencies to factor in carbon emissions when approving programs, natural Allow automatic acceptance of gas export terminals, pass a law. Which clearly states that the Clean Air Act excludes greenhouse gases and protects coal power plants from onerous regulations.
“If Congress takes these bold, but practical steps to stop Biden’s assault on American energy, it could restore hope to energy workers, consumers and the economy,” the report said. “There’s no question that Biden will veto these measures—but at this point, that’s not really the point.”
“Passing these ten policies will draw a clear distinction between two competing approaches to energy with Biden: one rooted in allowing market participants to produce the cleanest, most reliable and cheapest energy on the planet, versus the other , a Biden-endorsed vision that favors mandates, command-and-control rules, and dictates from bureaucrats designed to stamp out fossil fuels and give priority to cronies in the green energy industry — all routinely used by those Ridicules those who have to face the consequences.
Credit: www.foxbusiness.com /