Results for: Energy Policy

A new report from the National Center for Energy Analytics (NCEA) argues that the Securities and Exchange Commission’s (SEC) proposed climate rules will severely harm the U.S. financial market. The report, authored by NCEA Advisor Paul H. Tice, claims the rules will create excessive regulatory burdens, increase dependence on foreign energy sources, and lead to a more volatile and risky financial landscape. The report also criticizes the SEC for exceeding its mandate by implementing climate policy, a domain reserved for Congress.

Minnesota Governor Tim Walz’s push for renewable energy is driving up costs for electricity and transportation, potentially harming American jobs and benefiting China. His policies, mirroring those of Vice President Kamala Harris, raise concerns about their impact on inflation and economic security.

New York State’s ambitious renewable energy goals are facing a major setback, with the state admitting it will fall far short of its 70% renewables target by 2030. This failure highlights the disconnect between radical policy proposals and real-world execution, and exposes the hypocrisy of the state targeting private companies for similar shortcomings while failing to meet its own goals. Former Rep. Lee Zeldin argues for a more practical and achievable energy plan based on abundance, affordability, and reliability.

A bipartisan group of over 50 House lawmakers are urging the Biden administration to lift the pause on new LNG export permits, arguing that the policy is hindering U.S. energy production and harming the economy. The lawmakers, led by House Budget Committee Chairman Jodey Arrington, argue that the policy is counterproductive and has been blocked by the courts. They are joined by Democrats who also support increasing LNG production and exports. The letter comes after a federal judge ordered the Department of Energy to lift the pause, which was implemented in January 2023.

Stephen Moore, co-founder of the Committee to Unleash Prosperity, criticizes the growing trend of lawsuits targeting fossil fuel companies and states for their use of energy. He argues these lawsuits, often driven by environmental groups and trial lawyers, threaten to abolish fossil fuels through the courts, ignoring the devastating economic and social consequences. Moore emphasizes the life-saving and economic benefits of fossil fuels, while questioning the validity of claims about their negative environmental impact.

Alabama, along with 12 other Republican-led states, has filed a lawsuit against five Democrat-run states over climate policies that they allege are being used to coerce them into adopting strict environmental measures. The plaintiffs argue that these policies would have negative consequences for their residents’ access to affordable energy.

Alaska legislators concluded their session with a flurry of bills addressing critical issues such as education, underground carbon storage, and energy. Despite prior conflicts, there was less heated debate over the budget, and major successes were claimed. However, efforts to override Governor Mike Dunleavy’s veto of additional school funding failed.

The Biden administration has approved the smallest offshore oil and gas leasing program in US history, with only three lease sales planned over the next five years in the Gulf of Mexico. This move has been criticized by the energy industry, which argues that it will limit investment, production, and national security. The lack of offshore lease sales has also been seen as a competitive advantage for other countries that do not have the same restrictions.

Mexico has reversed a plan to reduce oil exports after fires at two Pemex refineries impacted domestic demand for the commodity. Pemex had initially planned to cut exports by up to 436,000 barrels per day in May in order to supply its refineries. However, the fires at the Salina Cruz and Lazaro Cardenas refineries have disrupted operations, reducing the need for imported crude. Additionally, Pemex announced that its new Dos Bocas refinery is expected to reach full capacity in September, potentially further reducing the need for exports. This move highlights the challenges faced by Pemex as it seeks to boost domestic refining capacity while managing declining production.

The infamous House Bill 6 (HB 6) scandal continues to haunt Ohio, casting a shadow over the state’s political landscape. Four years after its passage, new revelations of dark-money payments to politicians emerge, highlighting the urgent need to eradicate this symbol of corruption. The author urges the state legislature to repeal the remaining portions of HB 6, which continue to burden ratepayers and hinder Ohio’s transition to a clean energy future. Additionally, they advocate for comprehensive campaign finance reform measures, including the disclosure of all political donations and the tightening of ethics and lobbying laws. By embracing transparency and accountability, Ohio can break free from the cycle of scandal and build a more ethical and responsive government.