We will get right to it: the House of Representatives is trying to enact backdoor fees and new taxes that will effectively create a natural gas and oil development ban on federal lands. These targeted measures against U.S. companies will harm U.S. energy development, resulting in environmental, economic and security implications with little to no benefit to Americans, their businesses, or their communities.
Environment. According to an analysis by OnLocation for API, it will not take long for the administration’s course to lead to significant setbacks for the U.S. Reduced federal leasing and development is projected to increase emissions for power generation because it will lead to more power being produced from coal.
Economy. In Colorado, 18,000 jobs and $108 million in annual state revenue could be at risk if a leasing and development ban is made permanent. In New Mexico, 62,000 jobs and $1.1 billion in state revenue rely on federal oil and natural gas development.
National Security. Curtailing federal natural gas and oil development will force the country to rely more heavily on foreign sources of energy – including countries like Russia. Blocking production here at home is nothing more than an “import more oil” strategy.
Fortunately, there’s still time to stop this terrible policy. It is likely to come up for a vote in the Senate in the coming weeks. We are asking Energy Citizens to make their voices heard by contacting their Senators and telling them to stand up for American-made energy. Can we count on you?