Today the Senate is holding votes on a series of amendments to the chamber’s first budget in four years. Several of the amendments on the floor address energy issues. Manufacturers use one-third of the energy consumed in the United States which makes access to affordable energy essential. Regulations and other policies which drive up costs are extremely concerning for manufacturers.
Senator Roy Blunt has filed an amendment that opposes a carbon tax. Last month the NAM released a study by NERA economic consulting that showed a carbon tax could have a devastating impact on our economy and jobs. Placing unilateral restrictions or prices on U.S. GHG emissions, without similar regulations in operation on other major emitting nations, would disadvantage U.S. manufacturers, impact millions of jobs, and result in higher prices for natural gas, electricity, gasoline and other energy commodities.
Senator Inhofe has filed an amendment that would prevent EPA from implementing costly greenhouse gas regulations for power plants, refineries and other industrial facilities.
Senator Barrasso has an amendment that would protect exports from being blocked by unnecessarily broad environmental reviews under the National Environmental Policy Act (NEPA). Expanding NEPA to consider the environmental impact of the cargo could hamper exports of many products, such as cars, tractors, agricultural products, electronics, toys, steel, chemicals, pumps, air conditioners, elevators and airplanes.
Also, Senator Hoeven has an amendment on the floor to approve the Keystone XL pipeline. Keystone XL would create tens of thousands of manufacturing and construction jobs and provide manufacturers with an affordable source of energy. We have continued to urge the Administration to approve the pipeline as soon as possible.