EDITS NEEDED: WH Report Title Should Read All-of-the-Above but Nothing-From-Below Energy Strategy as a Path to Economic Peril
Report Comes As White House Works to Remove Affordable and Abundant Coal from U.S. Energy Portfolio - Oil and Gas Boom Has Occurred on Private Lands In Spite of President's Policies
Just days before the president unveils regulations predicted to harm jobs and affordable energy, the White House today released a report touting its energy “successes” entitled, “New Report: The All-of-the-Above Energy Strategy as a Path to Sustainable Economic Growth.” According to the Associated Press, the report “is designed to inoculate the administration against criticism that new Environmental Protection Agency regulations on coal-fired power plants, expected to be unveiled Monday, will increase electricity costs, cost jobs and be a drag on economic growth.”
But the White House is not fooling anyone. The president’s energy policy is nothing to celebrate, and “all-of-the-above but nothing-from-below” would be a more appropriate moniker. Missing from the 42-page report is any mention of the long-delayed Keystone XL pipeline, or the fates of Solyndra and other companies who failed under the president’s green energy spending spree. The White House’s brag sheet also takes undue credit for America’s oil and natural gas boom. A new CRS report confirms that all of the increases in energy production have occurred on non-federal lands, where energy can more readily be developed in spite of the administration’s hostile policies. In fact, under President Obama’s watch, oil and gas development on federal lands has actually decreased.
But perhaps the most flagrant example of the president’s hostile energy strategy – a path to economic peril – is the administration’s intention to wipe out coal from our energy mix through already announced and planned greenhouse gas regulations. The New York Times today reports that the president will use his executive authority to push cap-and-trade regulations through the backdoor, attempting to regulate where the administration failed to legislate. This is the same policy that Senate Democrats rejected in 2010. The president is charging ahead regardless of the will of Congress or the American people.
The White House is going to great lengths to conceal the consequences of its “nothing-from-below” energy plan, but this report will do nothing to lessen the blow to job-creators and American workers and their families who will suffer under these policies. The U.S. Chamber of Commerce released a report yesterday estimating that the president’s plan to regulate carbon dioxide emissions from power plants would cost the U.S. economy over $50 billion a year and contribute to significantly higher electricity prices.
“This report is nothing but a continued attempt by the White House to divert attention away from its next regulatory assault on jobs and affordable energy,” said House Energy and Commerce Committee Chairman Fred Upton (R-MI). “With the unwelcome news that the U.S. economy shrunk in the first quarter of 2014, the president should abandon once and for all this quest to raise energy prices and put coal workers out of work. Sadly, it is the poor and nation’s most vulnerable who will endure the most pain as the president works to shut down the source of 40 percent of our nation's electricity.”