Energy & Climate

Energy & Climate

Tax reform can level the playing field in the energy market

Published in Washington Examiner

In the days, weeks and months ahead, policymakers should maintain their focus on permanent, comprehensive tax reform and remain committed to ensuring that no sectors of the economy are singled out for unfair treatment.

Op-Ed: No Easy Options For Perry On Nuclear Infrastructure

Published in Forbes

Mr. Perry must figure out how to sustain federal investment for key defense infrastructure that consumes nearly half of his department’s budget while also defending the White House’s proposed cuts to traditionally popular research and development programs. One issue Mr. Perry should consider promptly is the fact that the United States no longer has any domestic uranium enrichment capability. This is a gaping hole in the defense supply chain.

Direction of Energy Policy in the 115th Congress

The American Council for Capital Formation Center for Policy Research and the ClearPath Foundation hosted a May 17th forum “Direction of Energy Policy in the 115th Congress."

ACCF Joins Coalition Urging Senate Action to Repeal BLM Methane Rule

The American Council for Capital Formation (ACCF) today joined a coalition of 10 other pro-economic growth organizations in calling on the U.S. Senate to use the Congressional Review Act to repeal the Bureau of Land Management’s (BLM) methane regulation. The Senate’s ability to use the CRA to nullify the methane rule expires on May 11. BLM’s methane and waste prevention rule requires oil and natural gas producers on federal lands to reduce methane emissions by up to 45 percent by 2025. The rule is just one of dozens of costly regulations pushed through in the final days of the Obama administration. The rule is expected to cost producers up to $297 million per year to comply, while BLM estimates it would reduce global greenhouse gas emissions by only 0.0092 percent.

Congress Members Urge Trump to Re-Work Paris Agreement

Published on FoxBusiness.com

The group (of Republican congressmen) adds that a recent report by the American Council for Capital Formation, for example, “found achieving this pledge would reduce our gross domestic product by $250 billion by 2025 and reduce economy-wide employment by 2.7 million jobs.”

FERC Quorum Critical to Advancing Trump’s Infrastructure Agenda

Published in Real Clear Energy

The president should take a broader approach and select candidates who understand the importance of ensuring the country has energy that is above all reliable and affordable. And he should do so soon.

Panel Discussion: Public Policy Issues Facing the Federal Energy Regulatory Commission

The Federal Energy Regulatory Commission (FERC), the independent regulatory agency responsible for regulating interstate pipelines, hydropower, transmission lines, and the sale of electricity is facing a number of challenges, including the power sector's rapid shift from coal to natural gas and, increasingly, to renewable energy sources. The American Council for Capital Formation Center for Policy Research recently hosted a conversation with former FERC commissioners Philip Moeller and James Hoecker on these and other public policy issues facing the Commission. The event was moderated by Glen Boshart of SNL Global.

Efforts to Increases Taxes on Oil Producers in Alaska Might Not...

Originally published in Real Clear Energy

As Alaska slips deeper into a recession that began in mid-2014, lawmakers in the 49th state are wrestling with ways to close a $3 billion budget deficit caused, primarily, by an extended period of low oil prices. But increasing the tax burden on the government’s number one source of revenue when the industry is struggling with declining production, increased regulatory costs, and falling profits is likely to collect less, not more for the state’s treasury.

U.S. Conservatives Unveil Plan to Fight Climate Change

Published in National Geographic

“It’s good that people are trying to figure out a market-based approach, but on the political side… it’s pure fantasy,” says George David Banks, the executive vice president of the American Council for Capital Formation, a pro-business think tank. “Let’s just put aside the toxicity of a tax: what Republicans would need is taking away the EPA’s regulatory authority over greenhouse gases,” he adds. “Democrats won’t even go there.”

Backers of HFC pact drop climate angle, cast Kigali as a...

Published in Politico

"From a public messaging perspective, for the sake of the broader coalition, this a strategic trade initiative to advance U.S. competitiveness to help capture global market share, to help shut out the Chinese, and that provides environmental and climate co-benefits as well as co-benefits for economic development," said Dave Banks, executive vice president at American Council for Capital Formation, a nonpartisan group that aims to be a liaison between government and the business community.

U.S., Republic of Korea Nuclear Cooperation Benefits Both Countries

With more than 50 years of peaceful nuclear energy cooperation and friendship, Washington should demonstrate that close bond by considering requests from Seoul to expand the terms of bilateral cooperation in civilian nuclear energy. With the decline of its own domestic civil nuclear program, the United States needs Seoul’s strategic vision and prowess to help maintain an influential voice in global nonproliferation and nuclear safety matters.

Climate change a bull’s-eye in the era of all-Republican rule

Published in E&E News

Dave Banks said he believes Trump could eventually focus on technological innovations like carbon capture and sequestration. Bush did something similar in his second term by promoting hydrogen cars, biofuels and energy efficiency. And Tillerson might be the leading voice in the administration, Banks said. The oilman accepts basic climate science, making him stand out among Trump and his other nominees.

Exxon didn’t oppose sanctions – it opposed unilateral sanctions

Published in The Hill

George David Banks sets the record straight on Secretary of State nominee Rex Tillerson.

Obama’s Midnight OCS Withdraw Puts U.S. Security at Risk 

Originally published in Real Clear Energy

President-elect Trump can and should move swiftly to reverse those decisions of the current administration that make the United States less secure and more dependent on foreign sources for the energy needed to drive economic growth.

Trump Administration Offers an Opportunity to Correct Course on Energy Policy

Published in Real Clear Energy

Instead of declaring war on traditional energy resources, the new administration should pursue policies to ensure Americans have access to energy that is abundant, affordable, and with the least environmental impact. Support for advanced research and development can make sure those resources are used in increasingly cleaner and more efficient ways.

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

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.