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Banks Praises Energy Independence Executive Order

Press Release

By: Jim Banks
By: Jim Banks
Date: March 28, 2017
Location: Washington, DC
Issues: Oil and Gas Executive Branch Energy Environment

Congressman Jim Banks (IN-03), Vice-Chair of the Environment Subcommittee on the House Science, Space, and Technology Committee, this afternoon issued the following statement regarding President Donald Trump's executive order on energy independence:

"This executive order is an important step toward decreasing our dependence on foreign oil and creating more jobs for hard-working Americans. I am pleased to see a proactive repeal of the Obama Administration's misguided energy regulations that stifle economic growth and limit domestic energy production. Dismantling the Clean Power Plan will be a major boost for manufacturers in northeast Indiana."

Background:

This afternoon President Trump signed an executive order on energy independence. It repeals several Obama-era green energy rules and requires federal agencies to begin the process of removing or decreasing several of the most economically damaging regulations from the last eight years. The executive order affects the following regulations: (1) the federal agency green energy standards; (2) Obama's greenhouse gas targets; (3) the costly Clean Power Plan (CPP); (4) the "social cost of carbon" regulations; and (5) restrictions on domestic coal and onshore oil and gas production.


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