There’s a better way to clean up our environment without risking millions of American job and punishing the middle class with higher taxes and higher energy costs. The House Republican American Energy Act is our “All of the Above” strategy that will help us become energy independent, create jobs here at home and help clean up our environment.
The American Energy Act increases our domestic supply of energy by lifting restrictions on drilling in remote areas of Alaska and in deep ocean waters. It also lets us go after the vast reserves of oil shale in the Intermountain West. The plan also renews our commitment to clean- and emissions-free nuclear energy with a goal of building 100 new nuclear reactors over the next 20 years. The American Energy Act also calls for revenue generated by the sale of leases to companies drilling for American oil and natural gas to be invested in renewable and alternative energy sources while simultaneously encouraging conservation through proven tax incentives.
The American people don’t want a new national energy tax. They especially don’t want a tax that will send American jobs overseas to countries that do not have levy punitive taxes on companies. The American Energy Act will boost American energy production across the board while investing in future fuels that will power us into the 21st Century.