U.S. Chamber Applauds Senate Passage of Energy Modernization Legislation

Wednesday, April 20, 2016 - 10:30am

‘Energy Policy Modernization Act of 2015’ Will Simplify Energy Trade and Advance Energy Efficiency

WASHINGTON, D.C.—U.S. Chamber of Commerce Executive Vice President for Government Affairs Bruce Josten issued the following statement today regarding Senate passage of S. 2012, the “Energy Policy Modernization Act of 2015”:

“We applaud the Senate for working across the aisle to modernize American energy policy. On the heels of successfully lifting the 40-year-old oil export ban, it’s refreshing to see Congress operate and pass legislation that keep up with the realities of our 21st Century energy sector and economy.

“‘The Energy Policy Modernization Act’ would take important steps to return certainty to the process of licensing natural gas exports. As the world’s largest producer of natural gas, the energy supply chain should not have to endure never-ending reviews and delays after passing their environmental analysis. Expedited LNG permitting will help ensure America’s natural gas producers won’t be kept on the sidelines while foreign producers supply the increasing global demand, creating new jobs and investment here at home.

“The Chamber is also pleased to see new energy efficiency provisions that would help reduce energy consumption, advance the adoption of new technologies, produce energy savings for businesses and families, and encourage private-sector job creation.

“While we’re disappointed that provisions which recognize the opportunity for states and the federal government to share revenue from offshore energy production were not included in this bill, we are pleased that the Senate has agreed to consider it separately. These provisions would provide much-needed funding for states for priorities like infrastructure, public safety, and education.

“We thank Senators Lisa Murkowski and Maria Cantwell, and the entire Senate Committee on Energy & Natural Resources, for their continued commitment to the issues that will strengthen America’s energy standing and help their constituents and the business community alike. Now, we urge the House and Senate to take this momentum into conference and send a pro-growth energy bill to the president’s desk.”

The Chamber sent a Key Vote letter regarding the Energy Policy Modernization Act of 2015, which is available here