WASHINGTON — U.S. Sen. Jim Inhofe (R-Okla.), senior member of the U.S. Senate Environment and Public Works (EPW) Committee, today applauded the executive action taken by President Trump to pull back the Clean Power Plan rule and address the regulatory obstacles hindering the development and use of our nation’s energy resources. The executive order will strengthen our economy and grow jobs all while increasing our national security, ensuring lower energy prices, encouraging innovation in energy production and limiting the heavy hand of bureaucratic, top-down regulations.
“For eight years President Obama waged an all-out war on fossil fuels and pushed a relentless agenda to regulate carbon dioxide. This slowed our economy drastically and damaged our national security by limiting our ability to use affordable, domestically sourced energy,” Inhofe said. “But this ends today, as President Trump signs the Energy Independence executive order. The hallmark of this action is the rollback of the so-called Clean Power Plan, which was stayed last year by the Supreme Court last year. This rule was set to cause double-digit electricity price increases in 41 states, costing our economy a total of almost $300 billion over ten years. With this executive order, the rule will be pulled back by the capable hands of EPA Administrator Pruitt and his team.”
“Today’s executive order also walks back a number of other harmful regulations and sets up government agencies in motion to work with—not against—industry to achieve energy independence in an environmentally responsible way. Under the order, agencies are instructed to identify exactly what regulatory hurdles are thwarting the development and use of domestic energy, which will pave the way for widespread regulatory reform. President Trump has also ordered a review of the social cost of carbon program, which for years has relied on faulty accounting metrics to substantiate regulations with little known benefit. Rolling back this regulation will result in immediate economic gains and preclude agencies from justifying expensive rules with false cost-benefit analyses. Further, the order lifts a moratorium on federal land coal leasing and directs EPA to pull back its methane regulations on existing oil and gas systems.”
“The Energy Independence policy is a huge win for all Americans and I look forward to seeing the benefits that will quickly follow in Oklahoma and across the country, bolstering the administration’s earlier moves to approve the Keystone XL and Dakota Access pipelines. This order is a clear sign to the country that Trump is serious about unleashing this country’s energy dominance. I applaud the President’s efforts and look forward to working with Administrator Pruitt as well as Secretaries Perry and Zinke to accomplish these great goals.”