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 incentivize consumers to use renewable and alternative fuels.
Hampering domestic energy production is not the path towards a robust economy and job growth. Under the Obama Administration, the Environmental Protection Agency (EPA) worked to formulate a national plan to reduce emissions of carbon dioxide and other greenhouse gases. Such drastic changes in energy policy would have had damaging consequences on our economy, including a dramatic increase in electricity prices. I am pleased to be working with the Trump Administration to roll back these disastrous policies and replace them with commonsense regulations that will protect our environment, while not hurting small energy producing companies that help promote Oklahoma’s economy.
More on Energy
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.