The Department of Energy quietly delivered a report to leadership of the House of Representatives and Senate on the impact of President Biden’s decision to kill the Keystone XL Pipeline. The report cites studies that estimate the construction period of the project would have supported up to 60,000 jobs annually for the two-year phase and…
Senate Majority Leader Chuck Schumer (D-NY) recently announced his intention to bring a revised version of Senator Manchin’s permitting reform legislation to the floor for a vote as part of the National Defense Authorization Act. The recently unveiled legislative text includes a number of changes, including the removal of transmission line language that failed to…
In a statement this week, the U.K. government announced a new partnership that will “drive work to reduce global dependence on Russian energy exports, stabilize energy markets and step up collaboration on energy efficiency, nuclear and renewables.” The partnership, called the ‘UK-US Energy Security and Affordability Partnership,’ will be jointly led by senior officials from the White…
This week, it was reported that Senator Joe Manchin (D-WV) has been working with congressional leaders to secure passage of comprehensive energy permitting reform legislation in an end-of-year funding package. Text of the updated text has not yet been released publicly. Below is a statement that can be attributed to me, Craig Stevens, spokesman for…
Today, media outlets confirmed Republicans have won a majority of the seats in the U.S. House of Representatives. This announcement follows news that Democrats would keep their Senate majority regardless of which candidate wins the runoff election in Georgia on December 5th. Please find below a statement from me, Craig Stevens, spokesman for the GAIN…
Just before the midterm elections, Vice President Kamala Harris announced $13 billion in new federal spending, funded by the “Inflation Reduction Act,” that will purportedly lower energy costs. At the same time, the IRA includes a provision that raises taxes on the oil and gas industry beginning in 2026, which may raise energy costs over…
President Biden announced today that his administration would explore working with Congress to institute a new federal tax on American oil and gas companies. While some members of Congress have introduced “windfall profits tax” legislation, this is the first public statement from the administration offering tacit support of higher taxes specifically designed to punish traditional…
The Federal Energy Regulatory Commission released a new report today warning that U.S. consumers should prepare for higher prices this winter as rising demand for natural gas and lower-than-average inventories will drive up the costs. Energy bills in New England are expected to be particularly high due to the region’s heavy reliance on natural gas…
Following remarks from President Biden today on energy prices and an announcement to release an additional 15 million barrels of oil from the Strategic Petroleum Reserve (SPR), the GAIN Coalition again urges the administration to embrace an all-of-the-above solution to meaningfully reduce energy prices for the long term. President Biden’s remarks come one week after…
Data released today from the Energy Information Administration (EIA) indicates the amount of crude oil in the United States Strategic Petroleum Reserve (SPR) continues its drop to dangerously low levels. According to EIA, the reserves have reached 408.7 million barrels through October 7, down 230 million barrels since President Biden’s Inauguration. U.S. emergency reserves have…
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