ACCF Encourages U.S. House to Support Energy Bill and Improvement of LNG Project Review

ACCF President and CEO Mark Bloomfield issued a letter to House Republicans encouraging them to support passage of the energy bill and language to improve DOE’s process for reviewing LNG export projects.  The Senate version of the Energy Policy Modernization Act (EPMA) includes important improvements to the U.S. Department of Energy’s (DOE) procedures for reviewing applications for the export of liquefied natural gas (LNG). The new language would give DOE 45 days to finish its review of a project – instead of the open-ended process currently in place – after environmental analysis has concluded.

“Our national energy landscaped has changed considerably since the last major energy bill was signed into law,” Bloomfield wrote. “It’s imperative that our energy policies keep pace with these changes to ensure we capture the full benefits of our nation’s new resource wealth. Nearly a year ago, Congress lifted the 40-year-old ban on crude oil exports. That was a good first step in modernizing our energy trade policies. It should now be this Congress’s top priority to expedite the approval process of LNG export licenses.”

“Before the 114th Congress comes to a close, we encourage lawmakers to reconcile differences on the different versions of the energy bill and send final legislation to the President for signing.”

Read Full Letter Here

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Mark A. Bloomfield
For more than four decades, Mark has been a prominent voice in the media on current political and economic issues. On any given day, he may be interviewed on Fox Business Network at sunrise, and again as the market closes on CNBC. CNN noted, he is “well-schooled in the arts of both economics and politics and is one of the most influential figures operating behind the scenes in Congress.” Mark is a frequent contributor to The Wall Street Journal, where he was the subject of The Weekend Interview and whose editorial board nicknamed him “Mr. Capital Gains.” Mark regularly contributes to Fortune and The Hill, Capitol Hill’s leading newspaper.