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In late February 2023, the price of carbon permits on the European Union’s carbon market hit 100 euros ($106.57) per metric ton – the amount of increased costs that factories and power plants must pay when they emit carbon dioxide. The benchmark EU Allowance (EUA) contract had hit a high of 101.25 euros per metric ton. EUAs […]
The Energy Information Administration indicates that U.S. oil production is nearing pre-pandemic levels, but President Biden wants to ruin that by placing a “windfall profits” tax on oil company profits. “Their profits are a windfall of war,” Mr. Biden said, referring to the Russian invasion of Ukraine as the reason for high prices for oil […]
Governor Youngkin rejects unnecessary regressive energy tax. WASHINGTON DC (08/31/2022) – This morning, the Youngkin Administration in Virginia reaffirmed its commitment to exiting the Regional Greenhouse Gas Initiative (RGGI). Acting Secretary of Natural and Historic Resources, Travis Voyles, appeared in front of a meeting of the State Air Pollution Control Board to reiterate the Governor’s […]
Americans need real regulatory reform, not empty gestures. WASHINGTON DC (06/22/2022) – Earlier today, President Joe Biden called for temporarily suspending the federal gasoline tax, asking lawmakers to pass a three-month pause on the federal 18-percent-per-gallon tax. This continues his administration’s routine of offering empty gestures to Americans who are struggling with record-high energy prices. […]
A bipartisan group of senators is promoting a new national tax on energy while Americans are struggling with record-high energy prices. WASHINGTON DC (06/06/2022) – This week, American Energy Alliance (AEA), the country’s premier pro-consumer, pro-taxpayer, and free-market energy organization, launched a five-figure digital advocacy initiative pushing back against efforts by a small group of […]
Is now the right time to increase energy prices with a new tax on energy? Despite the fact that inflation is the highest it’s been in forty years and the U.S. economy contracted in the first quarter of 2022, Republican Senators Kevin Cramer, Lindsey Graham, and Bill Cassidy apparently think so. They’re plotting with Democrat […]
With sky-high inflation reminding people of the economic malaise of the Carter years, it appears that some Members of Congress are actually looking back fondly on those times and are actively trying to relive those days. The latest bad idea that Congress is trying to revive is a new tax on oil profits modeled after the […]
Senate Democrats are proposing to institute a new tax on the use of our leading energy resources—oil, natural gas, and coal—according a leaked list of reconciliation bill pay-for options. Before getting into the specifics of what the leaked list calls “carbon pricing,” let’s reiterate how central these fuels are to our productivity and well-being. In […]
With no legislative text or details, Democrats and 5 misguided Republicans lay a path for a vote on carbon tariffs. WASHINGTON, D.C. (July 19, 2021) – Today, the American Energy Alliance (AEA), the country’s premier pro-consumer, pro-taxpayer, and free-market energy organization, voiced opposition to efforts by the White House, Democratic leaders, and a handful of Republican […]
A tax on energy is a tax on all American families, but hits the poor, seniors, and people on fixed incomes the hardest. WASHINGTON DC (May 19, 2021) – The American Energy Alliance (AEA), the country’s premier pro-consumer, pro-taxpayer, and free-market energy organization, voiced its support today for a U.S. House of Representatives resolution put […]