Fri, Mar 18, 2011
Approves "Energy Tax Prevention Act" To Slow Greenhouse Gas
Regulations
In a move that could have implications for the bio-fuel
industry as it relates to aviation, not to mention what we pay at
the pump for avgas, the House Energy and Commerce Committee passed
the Energy Tax Prevention Act (H.R. 910) which chairman Fred Upton
(R-MI) says is designed to rein in overreaching federal regulators
by stopping the EPA from driving up energy prices and shipping U.S.
jobs overseas.
“I applaud the committee’s approval of (the bill)
that will next be considered by the full House as we work to create
jobs, keep energy costs from rising unnecessarily, and rein in the
explosive expansion of government,” said Upton.
“We will not allow this administration to regulate what it
had failed to legislate last Congress. Today, we stand up for
jobs and families as we fight ... overreaching EPA regulations that
will send jobs overseas and increase gasoline and energy
prices.”
The bipartisan Energy Tax Prevention Act, which prevents the EPA
from transforming the Clean Air Act into a vehicle to impose costly
greenhouse gas regulations to address climate change, passed
through committee by a bipartisan vote of 34 to 19. Unless Congress
intervenes, the EPA’s efforts to impose a cap-and-trade
agenda threaten to drive gas prices even higher, increase utility
rates, send manufacturing jobs overseas, and hamstring our economic
recovery. The bill garnered the support of three of the
panel’s Democrats who voted with all of the committee's
Republican majority.
Gasoline prices are already nearing $4.00/gallon and any
further constraints on our domestic energy capacity or self-imposed
increases on the costs of production will drive prices at the pump
even higher. Studies have estimated that previous legislative
efforts to cap greenhouse gas emissions would drive up gas prices
19 cents by 2015 and 95 cents in 2050. Because EPA’s
greenhouse gas regulations are designed to achieve similar goals as
cap-and-trade legislation, and because such regulations would
directly impact domestic refineries and production, the regulations
are similarly expected to drive up the price of gasoline.
“I am pleased that the Committee voted to send this
important piece of legislation to the full House for consideration,
and I look forward to working with my colleagues in passing this
bill with a strong, bipartisan vote,” said Subcommittee
Chairman Ed Whitfield (R-KY). “This bill does not roll back
the Clean Air Act in any way. Rather this bill stops EPA from
imposing far-reaching and costly regulations without regard for
their impact on the economy and jobs. Any decision of this
magnitude deserves consideration by elected members of Congress and
must not be ceded to unelected executive branch staff. This bill
will help to preserve jobs and protect our ability to remain
competitive in a global economy.”
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