Biden to veto Republican energy permitting bill, White House says By Reuters
2023-03-28 04:20:09
more 
590

By Kanishka Singh, Katharine Jackson and Timothy Gardner

WASHINGTON (Reuters) -U.S. President Joe Biden would veto a Republican energy legislation package if it were to pass Congress, citing cost increases that the legislation could lead to, the White House said on Monday.

"H.R. 1 (Lower Energy Costs Act) would double the cost of energy efficiency upgrades that families need to reduce household bills and would repeal the Greenhouse Gas Reduction Fund that will cut energy costs and boost economic development in rural and urban communities across the country," the White House said.

"Therefore, if presented to the president in its current form, he would veto it."

Republicans plan to bring the legislation to the floor of the House of Representatives, where they hold a slim majority, for a vote this week, Representative Elise Stefanik, who chairs the House Republican Conference, said on Monday.

The bill would codify into a law a Trump administration rule that sought limits on reviews and public input on fossil fuel projects and road building, weakening the fundamental conservation law the National Environmental Policy Act, or NEPA.

Even if the bill were to pass in the House, it would face a test in its path to clear the Senate where Biden's fellow Democrats hold a narrow majority.

Senate Majority Leader Chuck Schumer has said the House bill is "dead on arrival" in the Senate. But many senators want more moderate permitting legislation to expand the electricity transmission system and rapid build out of renewable power.

Senator Ed Markey, a Democrat, last week outlined progressive priorities for a permitting bill that include historic levels of funding for environmental justice programs and NEPA implementation.

ClearView Energy Partners, a nonpartisan research group, said the House bill could set up a conversation between the House and Senate on compromise legislation that could be included in a wider bill later this year such as one lifting the debt ceiling or a measure on defense policy.

Statement:
The content of this article does not represent the views of fxgecko website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!

Related News

您正在访问的是FxGecko网站。 FxGecko互联网及其移动端产品是中国香港特别行政区成立的Hitorank Co.,LIMITED旗下运营和管理的一款面向全球发行的企业资讯査询工具。

您的IP为 中国大陆地区,抱歉的通知您,不能为您提供查询服务,还请谅解。请遵守当地地法律。