Oil and gas industry support new GOP bill
Dozens of leaders of the U.S. oil and gas industry endorsed a newly introduced Republican energy bill as a "welcome answer" to Biden administration policies and recent Democrat-backed legislation, which they argued has crippled American energy production.
Twenty-five oil and natural gas trade associations on Tuesday sent a letter obtained by Fox News Digital to House Speaker Kevin McCarthy, R-Calif., and House Majority Leader Steve Scalise, R-La., expressing their support for the Lower Energy Costs Act, which is denoted as H.R. 1 in the House and therefore the top-line agenda item for Republicans this Congress.
Scalise introduced the bill in the House last week, and Sen. John Kennedy, a fellow Louisiana Republican, followed suit with a companion Senate bill on Wednesday.
"The bill is a welcome answer to government-imposed distortions to energy markets that have decimated the energy independence that America enjoyed just a few short years ago," the oil and gas trade associations wrote in their letter.
... the red tape we have experienced over the past few years is not intended to protect the environment but to handcuff American oil and natural gas production in a misguided attempt to quickly transition to an alternative reality that does not exist," the letter continued. "The result is higher prices for all Americans and more imports from unfriendly countries."
President Biden infamously promised to "end" and "get rid of" fossil fuels while campaigning for president. Since entering the White House, he's said his goal is to create a "carbon pollution-free power sector by 2035 and net-zero emissions economy by no later than 2050."
Biden has also committed by 2030 to cut U.S. fossil fuel emissions by 52% in favor of renewable energy and for half of all new vehicles sold in the U.S. to be electric.
I see no need to transition away from oil and gas. It is more reliable and dependable and the projections of climate change have not been met.
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