Americans for Prosperity, a conservative advocacy group, has compiled a list of Biden administration policies that are pushing up prices of energy. A sampling of the 25 actions:
#1 and 2: Adopting new EPA oil and gas rules
Last month, the Environmental Protection Agency announced new regulations governing methane emissions from oil and gas production, transmission, storage, and distribution that would cost more than $1 billion a year.
In the spring, Biden signed a resolution that overturned Trump administration reforms to EPA oil and gas rules. This resolution will worsen energy poverty, reestablish burdensome regulations, and have a disproportionate impact on small businesses.
#11: Forcing states to restrict driving
One section of the recently enacted Infrastructure Investment and Jobs Act, supported by the White House, would require every U.S. state to develop state carbon-reduction plans that must be approved by the U.S. Department of Transportation as well as be updated every four years. These plans are aimed at reducing driving all over the country—even for people in rural areas where public transportation is limited and driving is the only option.
#17: Stifling energy innovation
In May, Biden issued a sweeping executive order that mobilized federal agencies, including the Securities and Exchange Commission, to enforce mandates on businesses, insurers, retirement funds, and suppliers. These policies will stifle innovation critical to improving the environment and will increase costs for a wide variety of businesses.
#18: Altering regulatory cost analyses
The Biden administration has changed key inputs for economic and regulatory analysis, including raising the “social cost” of greenhouse gases. These policies will mask the true consumer cost of regulatory actions.
And there are more!