FOR IMMEDIATE RELEASE
January 28, 2009
CONTACT:
Brian Kennedy (202) 346-8826
Chris Tucker (202) 346-8825
IER Economic Stimulus Plan Would Create Millions of New Jobs, Strengthen U.S. Energy Security
Institute Urges President Obama to Adopt Historic Change
in Energy Policy
Washington, DC – Institute for Energy Research (IER) today released an economic stimulus plan that would encourage private investment, foster job creation, and provide American consumers with access to vast, proven, affordable, and domestically available energy resources. IER’s plan outlines a cost-effective way to open these enormous taxpayer-owned resources for responsible energy production that would create American jobs, stimulate the economy, and provide new energy supplies for the future, all at no cost to the taxpayer.
IER’s plan asks first that lawmakers do no harm and commit to:
- Defend jobs and investments against expensive, job-killing climate regulations;
- Halt EPA’s attempt to use the Clean Air Act to regulate carbon dioxide;
- Renounce plans to bankrupt coal companies;
- Denounce spending billions of taxpayer dollars on subsidies on products that could potentially double power costs;
And second, create historic change in federal energy policy by:
- Returning money spent on energy subsidies to taxpayers;
- Streamlining regulations to produce energy from American resources on American lands and coastal waters;
- Providing coastal states with 50 percent of revenue from offshore and onshore energy leasing;
- Supporting exploration and energy production in ANWR;
- Expediting construction of the Alaska natural gas pipeline;
- Allowing exploration and experimentation necessary to explore alternative energy sources, such as domestic oil shale and methane hydrates;
- Limiting frivolous lawsuits that thwart responsible energy development;
- Removing regulatory red-tape and repeal punitive laws that make it difficult to build and expand refineries;
- Removing regulatory barriers to allow construction of the next generation of nuclear power plants; and
- Resolving issues surrounding the Yucca Mountain Repository for spent nuclear fuel.
More details on IER’s Economic Stimulus Plan can be found here:
The Institute for Energy Research (IER) is a not-for-profit organization that conducts intensive research and analysis on the functions, operations, and government regulation of global energy markets. IER maintains that freely-functioning energy markets provide the most efficient and effective solutions to today’s global energy and environmental challenges and, as such, are critical to the well-being of individuals and society.
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www.InstituteforEnergyResearch.org
