This morning the House Energy & Commerce Subcommittee on Energy and Power approved the Energy Tax Prevention Act of 2011 (H.R. 910) by a voice vote. This legislation prevents the Environmental Protection Agency (EPA) from regulating greenhouse gas (GHG) emissions from stationary sources under the Clean Air Act.
Manufacturers are facing tremendous uncertainty and potential permitting delays as the EPA moves forward with its regulation of GHG emissions. The EPA also has made it clear that it will continue to manipulate its authority under the Clean Air Act to require GHG emission reductions from existing facilities, placing unrealistic and unnecessary overregulation on manufacturers. This will only result in a stifling of economic growth, a substantial spike in energy prices, and ultimately, additional job losses.
NAM is encouraged the Energy and Tax Prevention Act has passed the subcommittee and we hope this legislation will continue to move swiftly through the legislative process.