News

Energy Updates


Nov 20, 2025
On the House Floor

Chairman Guthrie, Speaker Johnson, and Reps. Latta and Pfluger Celebrate House Passage of Bills to Unleash American Energy

WASHINGTON, D.C. – This week, Congressman Brett Guthrie (KY-02), Chairman of the House Committee on Energy and Commerce, issued the following statement following the House passage of H.R. 3109, the REFINER Act, led by Congressman Bob Latta (OH-05) and H.R.1949, the Unlocking our Domestic LNG Potential Act, led by Congressman August Pfluger (TX-11). Both pieces of legislation passed the House with bipartisan support: the REFINER Act, passed by a vote of 230 Yeas to 176 Nays, and the Unlocking our Domestic LNG Potential Act by a vote of 217 Yeas to 188 Nays. “By unleashing American energy, House Republicans are leading the way to support our nation’s energy security, strengthen our grid, and lower prices for hard-working families,” said Chairman Guthrie. “The REFINER Act will help to ensure our refineries are being used effectively to produce the oil, gas, and other critical feedstocks we rely upon while the Unlocking our Domestic LNG Potential Act expands American energy production and infrastructure by removing U.S. LNG export restrictions, which the Biden-Harris Administration politicized and abused.” “Today, House Republicans secured another commonsense solution to continue our success in bringing down energy costs and fuel our economy. The House passed the Unlocking our Domestic LNG Potential Act and the REFINER Act to deregulate, evaluate, and expand our capabilities so we can harness the full potential of American energy,” said Speaker Johnson. “These measures advance more of President Trump’s executive orders and energy dominance agenda to increase American energy production, create jobs, strengthen national security, and secure reliable, affordable energy to power America’s homes, businesses, and economy.” “As energy demand grows, we have to ensure our refining capacity grows with it to maintain America’s energy dominance,” said Chairman Latta. “The REFINER Act will provide the data and insight needed to guide decisions that reinforce our energy infrastructure and help keep fuel costs low for American families. I thank my House colleagues for supporting and passing my bill and urge my colleagues in the Senate to pass this legislation as soon as possible,” “Today's House passage of my Unlocking Our Domestic LNG Potential Act is another major victory in achieving American energy dominance. My legislation reforms the broken, politically weaponized approval process so we can streamline permitting for exporting LNG once and for all,” said Congressman Pfluger. “It's simple: Exporting American LNG strengthens our economy, stabilizes prices, drives much-needed investment in energy infrastructure, and bolsters the energy security of our global partners. I thank my colleagues for supporting this critical legislation, and I urge its swift passage in the Senate under Senator Scott's strong leadership.” Background on H.R. 3109: Over the last several years, our nation’s refining capacity has shrunk due to onerous Federal and State policies that make it prohibitively difficult to operate. From 2020 to 2022, refining capacity in the United States decreased by more than one million barrels of fuel per day, and the number of refineries dropped from 135 to 128. The REFINER Act would require the National Petroleum Council to collect and examine critical information regarding the role of petrochemical refineries in the U.S., and their contributions to energy security, reliability, and affordability. The report must analyze opportunities to expand capacity, as well as current risks to refineries, including negative policy impacts. Background on H.R. 1949: In January 2024, President Biden announced an indefinite ban on the issuance of export permits to non-FTA countries while it conducted a review to consider the “climate impacts” of natural gas exports. This politically motivated ban threatened the American economy, discouraged investment in natural gas production and processing, and harmed our allies in Europe working to lower their consumption of Russian gas. The Unlocking our Domestic LNG Potential Act amends the Natural Gas Act to repeal all restrictions on the import and export of natural gas, effectively overturning the Biden-Harris Administration’s attempt to undermine U.S. domestic energy production. Under this legislation, FERC would have the exclusive authority to approve or deny any application for the siting, construction, expansion, or operation of a facility to export natural gas from the U.S. to a foreign country or import natural gas from a foreign country. ###



Nov 20, 2025
Press Release

Chairman Guthrie Delivers Floor Remarks on the Unlocking our Domestic LNG Potential Act

WASHINGTON, D.C. – Today, Congressman Brett Guthrie (KY-02), Chairman of the House Committee on Energy and Commerce, delivered remarks on the House floor in support of H.R. 1949, the Unlocking our Domestic LNG Potential Act, to remove unnecessary export controls on LNG, strengthen the domestic economy, and increase the energy security of the United States and our allies. Chairman Guthrie’s remarks on H.R. 1949, the Unlocking our Domestic LNG Potential Act, as prepared for delivery: “In February 2016, the first cargo of U.S. LNG set sail from the lower 48, making the United States a natural gas exporter for the first time since the 1960s. “Since then, exports have increased from 0.5 billion cubic feet per day in 2016 to nearly 12 billion cubic feet per day in 2024, making the U.S. the global leader in LNG in less than a decade. “U.S. LNG has played an undeniably important role in providing affordable, abundant, and clean energy to the world. “This could not have been more evident than in 2022 when Russia invaded Ukraine, disrupting global commodity markets and leaving Europe without secure access to energy. “Immediately, US producers began sending cargoes of American gas to the continent to fuel their economies and heat their homes, helping some of our most important global allies. “However, in January 2024 the Biden-Harris Administration announced an illegal and indefinite ban on new export authorizations, all in the name of vaguely stated climate change goals. “Current law is clear, requiring a statutory presumption in favor of exports are in the public interest. “Plus, the vast majority of studies show that not only do LNG exports bolster our energy security, they also help maintain low domestic natural gas prices for Americans. “The Biden-Harris Administration’s action not only jeopardized our European allies, it threatened the faith and credibility of American companies’ contracts, emboldened Russia and other nefarious actors, and created uncertainty for domestic producers of natural gas. “H.R. 1949, the Unlocking our Domestic LNG Potential Act, would ensure this catastrophic policy decision is never made again by removing DOE from the statutory authorization process. “This legislation maintains the President’s authority to impose sanctions on foreign governments, prohibiting imports or exports if justified. “Free trade, open markets, and competition have resulted in the U.S. emerging as a global energy superpower, and lifting these restrictions will help maintain this dominance at a time it is needed most. I urge all my colleagues to support H.R. 1949. “The American people have made it clear that we cannot heed the calls of radical environmental activists putting politics over people. “The United States is blessed with enormous gas reserves, more than sufficient to meet rising global demand while also serving our domestic markets. “This bill will create American jobs, help our allies around the world, and maintain low-cost natural gas for American families and businesses. “I urge all my colleagues to support this bill and I yield back.” ###



Nov 20, 2025
On the House Floor

Chairman Guthrie Delivers Floor Remarks on the REFINER Act

WASHINGTON, D.C. – Today, Congressman Brett Guthrie (KY-02), Chairman of the House Committee on Energy and Commerce, delivered remarks on the House floor regarding H.R. 3109, the Researching Efficient Federal Improvements for Necessary Energy Refining (REFINER) Act, to increase American refining capacity, unleash American energy, and lower prices for consumers. Chairman Guthrie’s remarks on H.R. 3109, the Researching Efficient Federal Improvements for Necessary Energy Refining (REFINER) Act, as prepared for delivery: “The American economy is fueled by petrochemical refineries, providing affordable diesel and gasoline to families, critical inputs for our manufacturers, and products imperative for the maintenance of our defense systems. “The national security component of a viable refining industry cannot be understated, and we must not forfeit these essential supply chains. “Under the previous administration, we saw the impact of an energy retreat: higher prices for families and businesses, emboldened adversaries, sluggish economies, and increasing reliance on other nations. “Unfortunately, that is still the case in states like California where a hostile regulatory environment has forced refineries to reduce operations. In fact, the Golden State is expected to lose 17 percent of its capacity in the next year. “This has led to average gasoline prices of nearly $5 dollars per gallon, increased fuel dependence on Asian producers, and jeopardized the fuel supply chain of military installations in the state. “We must not let this become the status quo across the country. “H.R. 3109 requires the National Petroleum Council to collect and examine information regarding the role of petrochemical refineries in the United States, and their contributions to affordability, security, and reliability. “The report will assess opportunities to expand capacity, as well as current risks to refineries. “H.R. 3109 will provide DOE and Congress the information we need to enact policies that deliver affordable, reliable, and clean energy to all Americans. “I thank Representative Latta, the Chairman of the Energy Subcommittee, for his leadership on this issue. “I urge all my colleagues to support H.R. 3109. “According to the U.S. Energy Information Administration, global demand for liquid fuels is set to increase by about 20 million barrels per day by 2050. “To ensure prices remain low for consumers, high-value refined goods are available for our global partners, and inputs for our nation’s defense systems are available, we must recognize what it will take to fulfill that demand increase. “We are in an age of energy expansion, and we must implement policies that allow America to produce, refine, and export energy to global customers. “I urge my colleagues to vote yes on H.R. 3109, and I yield back.” ###



Nov 19, 2025
Press Release

Chairman Latta Delivers Opening Statement at Subcommittee on Energy Markup to Reform Appliance and Building Policies

WASHINGTON, D.C.  – Congressman Bob Latta (OH-05), Chairman of the Subcommittee on Energy, delivered the following opening statement at today’s markup of eight bills. Subcommittee Chairman Latta’s opening statement as prepared for delivery: “Welcome to today’s Energy subcommittee markup of 8 bills to restore consumer choice, reduce energy and housing costs, and remove burdensome regulatory structures. “When selecting appliances or equipment for their home or business, Americans take many factors into consideration: cost, reliability, size, and durability to name a few. It is imperative consumers have a wide range of products so they can choose what works best for their needs. “Under the last administration, nearly 30 energy efficiency standards were issued, totaling over $60 billion in costs and removing products from the market, resulting in fewer options for Americans. “H.R. 4626, the Don’t Mess with My Home Appliances Act, would amend the Energy Policy and Conservation Act to reform the statutory procedures for issuing or amending energy efficiency standards. “This will result in standards that truly meet the statutory requirements of EPCA and provide both manufacturers and consumers with certainty. “Especially as we head into winter, consumers must have access to durable, affordable appliances to perform critical functions, like home heating, while still prioritizing energy efficiency and associated cost-savings. “Airtight building envelopes are also important for consumers, especially in the colder months, to keep warmth in and utility bills low. That is why the subcommittee will be considering H.R. 4758, the Homeowner Energy Freedom Act, to repeal sections of the Inflation Reduction Act that essentially bribed states to recklessly adopt unamended building codes.    “Brian Tebbenkemp, a witness in September’s legislative hearing, said it best, ‘I think we can all agree that American families deserve safe, strong, and efficient homes, but we need a better pathway forward that gives local control, encourages innovation, and keeps homes within the reach of Americans. “The passage of H.R. 4758 is an important step towards accomplishing that shared goal. “The subcommittee will also consider H.R. 4690, the Reliable Federal Infrastructure Act, to repeal section 433 of the Energy Independence and Security Act, which required DOE to phase out fossil fuel use in federal buildings across the country. “This policy, which was opposed by even the Obama Administration, not only poses a significant national security risk, but it could in fact increase energy consumption as the direct use of natural gas is about 92 percent efficient, compared to 33 percent for electricity. That is a significant delta. “Energy efficiency, not bans, are important to prioritize for our federal buildings. I look forward to considering H.R. 3474, the Federal Mechanical Insulation Act, which is bipartisan legislation to require an assessment of whether mechanical insulation should be installed or updated in federal building energy audits. This is a commonsense measure that truly prioritizes energy efficiency. “The subcommittee will also consider H.R. 3699, the Energy Choice Act, which prohibits any state or local policy from banning access to an energy service based on the type or source of energy that is sold. States like New York, which banned natural gas use, are forcing consumers to incur significant costs while jeopardizing their reliability during the winter months. This must change. “Duplicative standards and regulations have also impacted housing, appliance, and equipment affordability for millions of Americans. H.R. 5184, the Affordable HOMES Act, will repeal duplicative energy efficiency standards for manufactured housing, and H.R. 4593, the SHOWER Act, will codify a simple definition of a showerhead, providing more options for consumers. “Lastly, the subcommittee will consider H.R. 1355, the Weatherization Enhancement and Readiness Act of 2025, with the understanding that we hope to reach a bipartisan agreement prior to a Full Committee markup. I thank the gentleman from New York and minority professional staff for continuing to work with us towards a compromise. “The suite of legislation before us today represents an opportunity for this Committee to implement reforms that re-prioritize energy efficiency policies towards the items that matter most to consumers: affordability, availability, and durability. I urge all my colleagues to support these pieces of legislation.” ###



Nov 19, 2025
Energy

Energy Subcommittee Advances Eight Appliance and Building Reform Bills to Full Committee

WASHINGTON, D.C. – Today, Congressman Bob Latta (OH-05), Chairman of the Subcommittee on Energy, led a markup of eight bills. “Burdensome regulations have driven up costs and put home ownership out of reach for millions of Americans,” said Chairman Latta. “Today, the Subcommittee on Energy advanced legislation that will cut through the red tape and make housing more affordable. From protecting consumer choice to addressing the rising prices of critical home appliances, these bills offer common-sense solutions for working families.” Legislative Vote Summary: H.R. 3474 , Federal Mechanical Insulation Act, was reported to the full committee by a voice vote. H.R. 3699 , Energy Choice Act, was reported to the full committee by a voice vote. H.R. 5184 , Affordable Housing Over Mandating Efficiency Standards (Affordable HOMES) Act, was reported to the full committee by a voice vote. H.R. 4690 , Reliable Federal Infrastructure Act, was reported to the full committee by a roll call vote of 16 Yeas to 14 Nays. H.R. 4593 , Saving Homeowners from Overregulation With Exceptional Rinsing (SHOWER) Act, was reported to the full committee by a roll call vote of 17 Yeas and 14 Nays. H.R. 4758 , Homeowner Energy Freedom Act, was reported to the full committee by a roll call vote of 16 Yeas and 14 Nays. H.R. 4626 , Don’t Mess With My Home Appliances Act, was reported to the full committee by a roll call vote of 17 Yeas to 14 Nays. H.R. 1355 , Weatherization Enhancement and Readiness Act of 2025, was reported to the full committee by a voice vote. Watch the full markup here . Below are key excerpts from today’s markup: Congressman Nick Langworthy (NY-23) on H.R. 4690, the Reliable Federal Infrastructure Act: “This legislation addresses a critical flaw in federal energy policy, one that has real world consequences for reliability, national security, and cost-effective infrastructure planning. As it stands today, the federal building standards and certification systems actively discourage or penalize the use of natural gas and other fossil fuels, even when those systems are proven to be cleaner, more resilient, and more affordable in certain applications. Section 433 of the Energy Independence and Security Act effectively phases out fossil fuels in their use in federal buildings, forcing a one-size-fits-all electrification mandate regardless of regional climate, mission critical facility needs, or impacts on the grid. These policies don’t just drive up construction and operational costs, they undermine energy security for facilities that must never go dark. Think about federal installations like VA hospitals, military bases, research labs, DHS facilities, and emergency response centers. These buildings require assured energy reliability not just during normal operations, but during extreme weather, cyber threats, or grid failures. Localized backup generation and hybrid energy systems are essential to resilience. And yet, under current policy, these assets are treated as liabilities simply because they rely on natural gas or other fuels.” Congressman Craig Goldman (TX-12) on H.R. 4758, the Homeowner Energy Freedom Act: “The Biden-Harris Administration spent billions in taxpayer dollars to mandate, I repeat, to mandate green energy appliances in new homes. Some home builders estimate that these policies have increased the cost of new homes by $31,000. These policies put home ownership and the American dream out of reach for many families. My bill, the Homeowner Energy Freedom Act, would help address home affordability by repealing several costly and burdensome programs in the so-called Inflation Reduction Act.” Congressman Rick Allen (GA-12) on H.R. 4626, the Don’t Mess With My Home Appliances Act: “Over the last several years, under the Biden administration, DOE has gone beyond its scope of statutory authority — setting arbitrary and capricious standards as found by the U.S. Court of Appeals for the Fifth Circuit, and finalizing rules that do not meet the specific statutory criteria. In fact, egregious appliance standards have caused homeowners to spend 34 percent more on appliances than they did 15 years ago, while having to replace them at a faster rate. When I’m home in the district, people want to know why replacing their air conditioning system cost $10,000 more today than it did four years ago. Furthermore, the previous administration proposed standards that discouraged the use of natural gas in favor of the electrification of appliances. Regardless of the cost to the consumer, the American people want choice, and these decisions need to be market-driven and not government-driven. My legislation, the Don’t Mess With My Home Appliances Act, will make much needed statutory reforms to energy efficiency standards for appliances by eliminating DOE’s requirements to review and update energy conservation standards every six years.” ###



Nov 17, 2025
Energy

Chairmen Guthrie and Latta Announce Energy Subcommittee Markup of Eight Bills to Reform Appliance and Building Policies

WASHINGTON, D.C.  – Today, Congressman Brett Guthrie (KY-02), Chairman of the House Committee on Energy and Commerce, and Congressman Bob Latta (OH-05), Chairman of the Subcommittee on Energy, announced a subcommittee markup of eight bills. WHAT : Subcommittee on Energy markup of eight bills. DATE: Wednesday, November 19, 2025 TIME: 10:15 AM ET LOCATION: 2123 Rayburn House Office Building Items to be considered: H.R. 3474 , Federal Mechanical Insulation Act (Rep. Weber) H.R. 3699 , Energy Choice Act (Rep. Langworthy) H.R. 5184 , Affordable Housing Over Mandating Efficiency Standards (Affordable HOMES) Act (Rep. Houchin)  H.R. 4690 , Reliable Federal Infrastructure Act (Rep. Langworthy) H.R. 4593 , Saving Homeowners from Overregulation With Exceptional Rinsing (SHOWER) Act (Rep. Fry)  H.R. 4758 , Homeowner Energy Freedom Act (Rep. Goldman) H.R. 4626 , Don’t Mess With My Home Appliances Act (Rep. Allen) H.R. 1355 , Weatherization Enhancement and Readiness Act of 2025 (Rep. Tonko) This notice is at the direction of the Chairman. The markup will be open to the public and press and will be livestreamed online at energycommerce.house.gov . If you have any questions concerning this hearing, please contact Calvin Huggins at Calvin.Huggins1@mail.house.gov . If you have any press-related questions, please contact Ben Mullany at Ben.Mullany@mail.house.gov . ###



Nov 17, 2025
Press Release

Energy and Commerce Weekly Look Ahead: The Week of November 17th, 2025

WASHINGTON, D.C.  – This week, the House Committee on Energy and Commerce is holding two Subcommittee Hearings and two Subcommittee Markups. Read more below. SUBCOMMITTEE MARKUP: The Energy and Commerce Subcommittee on Communications and Technology will hold a markup of 28 bills to streamline broadband permitting. DATE: Tuesday, November 18, 2025  TIME: 10:15 AM ET  LOCATION: 2123 Rayburn House Office Building SUBCOMMITTEE HEARING: The Energy and Commerce Subcommittee on Oversight and Investigations is holding a hearing to examine the risks and benefits of AI chatbots. DATE: Tuesday, November 18, 2025  TIME: 2:00 PM ET  LOCATION: 2123 Rayburn House Office Building SUBCOMMITTEE MARKUP: The Energy and Commerce Subcommittee on Energy will hold a markup of eight bills to reform appliance and building policies. DATE: Wednesday, November 19, 2025  TIME: 10:15 AM ET  LOCATION: 2123 Rayburn House Office Building SUBCOMMITTEE HEARING: The Energy and Commerce Subcommittee on Commerce, Manufacturing, and Trade is holding a hearing to examine time, travel, and tourism. DATE: Thursday, November 20, 2025  TIME: 10:00 AM ET  LOCATION: 2123 Rayburn House Office Building ###



Nov 10, 2025
Press Release

ICYMI: Chairman Guthrie Op-Ed – Democrats are trying and failing to blame Republicans for rising energy prices

WASHINGTON, D.C.  – In case you missed it, the Washington Examiner recently featured an op-ed by Congressman Brett Guthrie (KY-02), Chairman of the House Committee on Energy and Commerce, which highlighted how provisions within the Working Families Tax Cuts are unleashing American energy dominance and lowering energy and electricity prices.  In Case You Missed It:   “The energy prices that dramatically increased during the Biden administration are continuing to rise, and the attempts by Democrats to pin the increase on President Donald Trump’s policies willfully ignore how their reckless decisions during the previous administration have led us here.    “Since the Working Families Tax Cuts was signed into law, Democrats have tried to claim that Republican policies would cause energy prices to rise for families. This is false. The legislation strips subsidies for parts of the far-left energy agenda that have been driving up prices. On the contrary, the tax cuts law will save the average household $2,900 in 2026.    “The truth is that building the electricity grid on unreliable, taxpayer-subsidized wind and solar — as Democrats have advocated for the last decade — has driven up costs. As energy producers and grid operators have told us in hearings this year, subsidizing intermittent sources of electricity essentially requires building two systems to keep the lights on. One is the costly wind and solar system touted by liberal donors and the renewable energy lobby. The other is a reliable backup system necessary for when the wind doesn’t blow and the sun doesn’t shine.    “Subsidies for wind and solar projects, as well as regulations aimed at hampering natural gas and coal generation, have been driving up rates and undermining reliability. It was the Biden administration that restricted energy supplies, forced the end of fossil fuel generation in favor of costly intermittent power, and failed to provide for increased demand from artificial intelligence data centers, advanced manufacturing, and the growing consumer economy.    “With those harmful policies of the past four years already built into state and utility planning decisions, families are continuing to see the legacy effect of rising costs in their household bills. The energy grid cannot be rebalanced to provide affordable, reliable power in a matter of months; it takes years.   “Energy prices rose nearly 30% under the Biden administration, 13 times faster than the previous seven years. That spike came from the far-left policies that rewarded Democrats’ anti-fossil fuel special interest allies and the green energy sector. The Obama and Biden administrations wielded the regulatory state to stifle the production of reliable baseload power, all while like-minded states continued to phase out reliable baseload power generation as well.    “Democrats are now claiming even more wind- and solar-powered electricity needs to be brought online quickly to meet our needs, which flatly ignores the effects we’re already seeing from these policies leading to rising costs and unreliability. Simply put, intermittent resources cannot reliably provide power during times of peak demand, especially during extreme weather events.    “This is not to say that there is no role at all for wind and solar energy, but the reality is that these sources must be supported in the background by natural gas, coal, hydropower, or nuclear. Adding more wind and solar inputs while closing and restricting more reliable power only drives up costs and increases risks of brownouts and blackouts. Just compare two of our largest states: natural gas-dominant Florida has seen electricity rates that are half those of renewable-dominant California.    “The House Committee on Energy and Commerce has heard testimony from grid operators that the current imbalance in the grid, caused by the retirements of reliable generation and a massive oversupply of intermittent wind and solar, is unsustainable and that there is a major need for more baseload power in the coming years. This is leading grid operators to take emergency steps to expedite the build-out of fossil fuel generation over wind and solar to rebalance the grid and avoid costly blackouts.    “In a recent report, the Department of Energy warned that outages could increase 100 times by 2030 if power plant retirements and the increase in overall demand for electricity continue at their current pace. Even as more renewables have come online, our grid is not prepared to meet the increased demand from AI data centers and domestic manufacturing. That is why the Working Families Tax Cuts created the Energy Dominance Financing Program, investing in projects that provide power 24/7, 365 days a year.    “By ending costly subsidies for unreliable sources, such as wind and solar, and leveling the playing field for natural gas, coal, nuclear, and hydropower, Republicans are making sure America gets the ‘best of the above’ energy for a balanced, reliable grid to serve families and industry far into the future.   “To be clear, it will take time for these policies to materialize into actual construction projects, but we have cleared some of the regulatory blockers that are allowing industry to start making these investments. We cannot go back to the policies that prioritized radical environmental agendas over families and brought higher prices, blackouts, brownouts, and a grid that cannot meet increased demand.      “The people know better. Alongside our president, House Republicans are working to restore reliable and abundant energy, lower electricity costs, and restore America’s energy dominance.” ###



Nov 7, 2025
Press Release

Chairmen Guthrie, Latta: Energy Security Requires Reliable and Objective Data

WASHINGTON, D.C.  – Today, Congressman Brett Guthrie (KY-02), Chairman of the House Committee on Energy and Commerce, and Congressman Bob Latta (OH-05), Chairman of the Subcommittee on Energy, sent a letter to Dr. Fatih Birol, Executive Director of the International Energy Agency (IEA), highlighting the IEA’s decision to restore the inclusion of objective data analysis in the World Energy Outlook (WEO). By bringing back the Current Policies Scenario (CPS) in the report, the IEA is returning to its core mission and working to promote energy security. “Strengthening our nation’s energy security is vital to securing our grid, powering AI and domestic manufacturing, and ensuring that Americans have the energy resources they need,” said Chairmen Guthrie and Latta. “For the last several years, IEA forecasts incorrectly assumed the peak demand for oil and natural gas would come before 2030. As a result, these forecasts deterred investments by painting an inaccurate picture of what energy markets will need in the future. By finally standing up to activist pressure opposing the use of oil and natural gas to power our economy, the IEA will once again be able to provide the unbiased market forecasts decision makers rely on to provide reliable and affordable energy into the future.”   Key excerpts from the letter:   “Maintaining objective data analysis, free from activism, is imperative. The IEA has long stood as an invaluable source of unbiased data and analysis on the security of oil markets. The agency’s work carries significant weight for policymakers, the energy industry, and global financial firms. “Yet in 2020, the IEA, under pressure from climate activists eager to exploit the agency’s credibility to discourage oil and gas investment, abandoned its longstanding CPS, and began only publishing WEOs that relied on subjective scenarios that assumed different degrees of adherence to climate action agreements. These aggressive Stated Policies Scenarios (STEPS), rely heavily on policy aspirations, while ignoring market realities. “In the United States alone, oil and natural gas account for about 74 percent of the primary energy sources consumed every year, with natural gas accounting for approximately 43 percent of electric power generation. Due to artificial intelligence and other technologies, the U.S. Energy Information Administration (EIA) forecasts significant natural gas demand growth over the next several years. As you know, the EIA maintains the use of a policy-neutral baseline reference case. “Politicized and censored demand scenarios can distort policy decisions and misguide capital investment. Just last year, the Biden-Harris Administration leveraged these questionable IEA projections, while ignoring EIA data, to support banning liquefied natural gas export projects. This decision discouraged sufficient capital allocation toward critical energy supplies and emboldened Russia’s war machine.”   CLICK HERE to read the full letter. ###