Oil and gas, coal, and renewable and nuclear power offer our nation a vital opportunity to create jobs and increase U.S. global competitiveness.
The U.S. Chamber advocates for the development and expansion of American energy resources to improve energy security and create jobs in the United States. Reliable and affordable energy are essential to running a business and fueling economic growth and competitiveness.
- Shale activity alone generated $237 billion in economic activity and $62 billion in government revenues in 2012, and created 1.75 million jobs in the last few years. By 2035, we can double the economic impact, double the number of jobs, and generate a cumulative $2.5 trillion in government revenues.
- We can create another 1 million jobs by 2018 by expanding the development of oil and gas, as well as building the Keystone XL pipeline.
- At least 351 proposed energy projects—many of them renewable—have been blocked due to permitting delays and other obstacles. If these projects moved forward, we could create 1.9 million construction jobs and 790,000 permanent jobs.
The Chamber’s Outline to Maximize U.S. Energy Resources
Optimize U.S. energy resources – America’s next big thing:
- Encourage smart development of America’s vast energy resources—traditional, unconventional, and alternative.
- Expand access to onshore and offshore federal lands for energy development.
- Invest in clean coal and policies to expand renewable energy and emissions-free nuclear power.
Incentivize energy efficiency improvements across all sectors:
- Establish alternative energy technology as a cornerstone of sensible energy policy.
- Support R&D investment in new technologies and financial mechanisms to promote and make clean energy technology more affordable.
Encourage energy projects that deliver American jobs, increase U.S. competitiveness, and promote environmental stewardship:
- Eliminate trade policies that limit the exchange of energy resources and technologies.
- Support a presidential permit for the Keystone XL pipeline, which would create tens of thousands of construction jobs and carry oil from our most reliable trading partner, Canada.
For more information, visit the U.S. Chamber’s Institute for 21st Century Energy website.
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