House GOP report claims Biden policies are threatening America’s energy future.
America’s energy future is facing a significant threat from the policies of the Biden administration, as per a report released by the House Committee on Oversight and Responsibility. The report, titled “The Biden Administration’s Green New Deal: Paying More for a Dimmer Future,” highlights how these policies hinder the growth of domestic energy production and result in increased costs for Americans.
The administration’s energy policies have led to higher gas prices, uncertainty in the power sector, confusion regarding new cars and appliances, and expensive regulatory hurdles that have raised costs for both consumers and businesses. The report points out that while the administration claims to aim for increased electrification, it simultaneously restricts the growth potential for power producers necessary to support these initiatives. Permitting challenges and costly regulations are stifling innovation and growth in critical sectors of the U.S. economy.
House Oversight chair James Comer, R-Ky., criticized the Biden administration for weaponizing the executive branch to wage a war against domestic energy production. He emphasized the committee’s commitment to holding the administration accountable for its detrimental Green New Deal policies that are impacting Americans nationwide.
The report highlights the significant increase in gas prices since 2019, attributing the rise to rising production and transportation costs, regulatory actions, and supply manipulations by the Biden administration. Gas prices have skyrocketed compared to when former President Donald Trump was in office, reaching an all-time high of $5.016 per gallon on June 14, 2022.
The report also addresses the rise in electricity prices and the strain it has put on the country’s electrical grid. The Biden administration’s efforts to impose stricter energy requirements on products like gas stoves, lightbulbs, dishwashers, and refrigerators have contributed to these challenges.
Furthermore, the report criticizes the administration for eliminating consumer choice by implementing an executive order mandating that 50% of all new passenger cars and light trucks sold in 2030 be zero-emission vehicles. The push for stricter emissions standards and regulations favoring electric vehicles (EVs) has significant implications for the automotive industry.
In addition, the Biden administration’s regulatory actions have added over $1 trillion in additional total regulatory costs and millions of new annual paperwork demands. The burden falls heavily on low-income communities, retirees, and businesses as they navigate complex compliance requirements, ultimately impacting consumer prices and economic mobility.
Overall, the House Committee’s report sheds light on the negative impacts of the Biden administration’s energy policies on American consumers and businesses. It emphasizes the need for a balanced approach that supports growth in domestic energy production while ensuring affordability and stability for all Americans.
