Rep. Fred Upton in The American: Rethinking America's Energy Policy
U.S. energy policy needs a reboot--a broad reassessment of our strategies--because much of what we thought we knew has either dramatically changed or turned out to be plain wrong.
When I first became involved in these issues, President Jimmy Carter told us our domestic energy supplies were running out and a foreign cartel would determine everything from the cars we drove to the temperatures in our homes. The future he painted looked bleak.
Consider oil and natural gas. Not long ago, many believed supplies had peaked and it...
Upton: We Need Relief from Energy Taxes Now More than Ever
WASHINGTON, DC - Energy and Commerce Committee Chairman Fred Upton (R-MI) issued the following statement to mark the one year anniversary since the U.S. House of Representatives approved H.R. 910, the Energy Tax Prevention Act. "It has been a year since the House passed the Energy Tax Prevention Act, bipartisan legislation to protect Americans from costly regulations that act like a tax on energy, driving up costs for families and businesses. With gasoline and electricity prices on the rise and layers of new red tape being added...
As Committee Probes Costly Stimulus Program, Treasury Admits Job Creation Not a Requirement, Not a Factor for Handing Out Cash
WASHINGTON, DC - House Energy and Commerce Committee Chairman Fred Upton and Oversight and Investigations Subcommittee Chairman Cliff Stearns continue to press the Obama administration for answers and an accurate accounting of the 1603 energy stimulus program's record, including its proven job creation. Upton and Stearns recently launched an inquiry into the $10 billion program with letters to the Energy and Treasury Departments, a step that was necessary as details have been difficult to come by, despite the administration having already spent billions of dollars and...
ICYMI: Killing Coal
Last week President Obama's EPA proposed new greenhouse gas standards for power plants. It's the latest in a series of rigid rules that are reshaping our nation's energy policy under the guise of environmental regulation, driving up costs and destroying jobs. While the EPA argues this new rule will have no economic impact, common sense dictates otherwise when we are foreclosing the use of one of the most abundant and affordable electricity sources. As an editorial in today's Wall Street Journal points out, the rule simply assumes no...
Report Reveals DOE Effectively Cut Out Treasury in Solyndra Review
WASHINGTON, DC - House Energy and Commerce Committee Chairman Fred Upton and Oversight and Investigations Subcommittee Chairman Cliff Stearns responded today to the Department of Treasury Inspector General's report on the Obama administration's ill-fated $535 million loan guarantee to Solyndra. The report, "Consultation on Solyndra Loan Guarantee Was Rushed," reveals that DOE cut out the Treasury Department from dealings on Solyndra, ignoring the agency's advice and limiting its opportunity to review the high-price, high-risk financing. Treasury Department officials previously testified last October...
Energy and Commerce Members Respond to EPA's Proposal to Shut Down Affordable Electricity and Destroy Jobs
Republican members pushed back strongly this week against EPA's new proposed rule regulating greenhouse gases for new coal plants. In a hearing Wednesday with EPA Assistant Administrator Gina McCarthy, Republican members of Subcommittee on Energy and Power blasted the administration's actions to shut down coal-fired power generation in the U.S., arguing that it is yet another example that the president's promise of an 'all of the above' energy strategy rings hollow, putting both jobs and affordable, reliable energy at risk.
Chairman of the Energy and Power Subcommittee Ed...