NW Kentucky News

House Committee on Oversight and Accountability Chairman James Comer (R-Ky.) released a report today criticizing the Biden Administration’s Green New Deal energy policies. The report claims these policies have resulted in higher gas prices, uncertainty in the power sector, market confusion for new cars and appliances, and increased regulatory costs for consumers and businesses.

“The Biden Administration weaponized the power of the executive branch to wage a war against American-made energy production and cement in place radical, far-left energy policies that jeopardize domestic energy development, overload America’s power grid, and raise costs on all American consumers and businesses,” said Chairman Comer. “From day one, the House Oversight Committee has worked to expose the Biden Administration’s radical climate agenda. The Committee will continue to fulfill its responsibility to hold this Administration accountable for its detrimental Green New Deal policies that are impacting Americans across the country.”

The report, titled “The Biden Administration’s Green New Deal: Paying More for a Dimmer Future,” outlines several issues it attributes to the administration's energy policies. Key findings include:

- Gas prices have significantly increased since President Biden took office. Prices were $2.39 per gallon on January 20, 2021; by February 25, 2022, they had risen to $3.57 per gallon.

- The administration's extensive regulatory measures have added over $1 trillion in additional costs for businesses and consumers.

- Electricity prices have risen faster than inflation due to initiatives such as electric vehicle adoption and federal incentivization of onshore manufacturing.

- A new emissions rule from the Environmental Protection Agency (EPA) is criticized as being neither feasible nor cost-effective.

- Federal subsidies from the Inflation Reduction Act could cost taxpayers up to $3 trillion by 2050.

The full report can be accessed [here](link).