“The passage of the Inflation Reduction Act is a step forward for long-overdue compromise in U.S. energy policy and security. For too long, U.S. energy policy has been treated as an either-or matter, and this act demonstrates that it is not. Despite our lingering concerns on the impacts of some provisions, CEA is pleased to see historic investments in renewable technology, carbon capture, hydrogen, and the securing of commitments for future offshore oil and gas lease sales,” CEA President David Holt said. “All of these will help ensure consumers have reliable energy as we move toward a lower-carbon future, while recognizing the importance that oil and gas has to our economy today and in the coming decades.”
“Energy reliability is critically important to ensure there are no future brownouts or blackouts anywhere in America. At the same time, we must ensure that energy remains affordable for all as our energy systems evolve. With sensible and practical execution, this legislation can be implemented in ways that do not unduly burden families and small businesses with lasting, higher energy prices,” Holt said. “CEA looks forward to working with the Administration as elements of the IRA are more fully unpacked, executed and brought online. We also look forward to continuing our work with Congress and the Administration to ensure robust, predictable and steady oil and gas leasing opportunities for years to come.”
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About Consumer Energy Alliance
Consumer Energy Alliance (CEA) is the leading voice for sensible energy and environmental policies for consumers, bringing together families, farmers, small businesses, distributors, producers, and manufacturers to support America’s environmentally sustainable energy future. With more than 550,000 members nationwide, we are committed to leading the nation’s dialogue around energy, its critical role in the economy, and how it supports the vital supply chains for the families and businesses that depend on them. CEA works daily to encourage communities across the nation to seek sensible, realistic, and environmentally responsible solutions to meet our nation’s energy needs.
Contact:
Bryson Hull
(202) 657-2855
bhull@consumerenergyalliance.org