America is a country rich in energy resources and emerging technologies, and I support an all-of-the-above energy strategy that encourages domestic production, reduces our dependency on foreign oil and explores alternative energy solutions.
Oil and natural gas production has shaped Oklahoma’s economy since shortly after statehood, and it continues to do so today. While I am supportive of our traditional energy producers and protective of the thousands they employ, I have also supported tax credits that promote renewable energy development—like wind power—and incentivizes consumers to use renewable and alternative fuels. In addition, I believe that expediting the permitting process for liquefied natural gas exports (LNG) and lifting the 40 year-old ban on crude oil exports is essential to ensuring independence from foreign oil suppliers. We achieved that objective in the omnibus spending bill for fiscal year 2016.
Hampering domestic energy production is not the path towards a robust economy and job growth. Unfortunately, in recent years, the Environmental Protection Agency (EPA) has been busy formulating a national plan to reduce emissions of carbon dioxide and other greenhouse gases. Such drastic changes in energy policy would have damaging consequences for our economy, including a dramatic increase in electricity prices. As a former member of the Appropriations Subcommittee on Interior, I have worked with my colleagues to cut EPA funding more than 20 percent, cut back staff to 1989 levels and stop regulatory overreach.
More on Energy
President Obama's decision to unilaterally kill the Keystone pipeline project is not the only government action to stifle energy production and job creation. Every day, federal policies create obstacles to the energy independence America needs to achieve for both our national security and economic recovery.
WASHINGTON, D.C. – Rep. Tom Cole (OK-04) released the following statement after the White House announced it is rejecting plans to move forward with the Keystone XL pipeline:
WASHINGTON, D.C. – Rep. Tom Cole (OK-04) released the following statement after the Obama administration announced its decision to release 30 million barrels of oil from the nation's Strategic Petroleum Reserve:
WASHINGTON, D.C. – Rep. Tom Cole (OK-04) made the following statement after the House vote on H.R. 3534, the "CLEAR" Act:
WASHINGTON – Congressman Tom Cole (OK-04) issued the following statement today regarding H.R. 2454, the Waxman-Markey cap-and-trade bill.
"The President said it best: cap-and-trade legislation will cause utility rates to 'skyrocket,'" Congressman Cole said. "The national energy tax the House passed today will cause energy prices to rise and it will force American manufacturers to relocate to other countries - countries with far less stringent environmental regulations than exist in the United States today."
Bill would Lower Energy Costs and Invest in New Energy Sources
WASHINGTON – Congressman Tom Cole (OK-04) made the following statement today after becoming a co-sponsor of the American Energy Act.