These twenty-five Biden administration policies are raising energy costs
Author: AFP
June 29, 2022
As Americans return to work and plan summer vacations they are faced with rising gas prices. (Not to mention higher costs for electricity, home heating, and groceries!!) The price at the pump and for home expenses began to rise before the Russian invasion of Ukraine.
In Nov. 2021, the EPA
announced new regulations governing methane emissions from oil and gas production, transmission, storage, and distribution that would cost more than $1 billion a year.
Biden signed a resolution that overturned Trump administration reforms to EPA oil and gas rules. This resolution will
worsen energy poverty, reestablish burdensome regulations, and have a disproportionate impact on small businesses.
Restricting or impeding energy projects
One of Biden’s first actions after taking office was to
halt new oil and gas leases on federal lands and waters, Biden has
delayed decisions on these leases — a move that results in higher energy costs for most consumers.
The administration
canceled the Keystone XL pipeline and
suspended oil and gas leases in the Arctic National Wildlife Refuge and New Mexico). It also resurrected the
“Waters of the US” rule, which would increase barriers to energy projects.
Raising taxes
More than one-quarter of the administration-backed Build Back Better agenda is pulled directly from the “Green New Deal.” The Build Back Better agenda
includes new taxes on natural gas and home heating. It also
includes new taxes on petroleum and manufacturing.
Picking energy winners and losers
The Build Back Better agenda
would spend taxpayer dollars to push utilities to adopt more costly, politically preferred forms of energy, a move that would reduce Americans’ energy choices.