Rep. Bishop, Senator Vitter Introduce Energy Production and Project Delivery Act of 2013
Legislation to generate new federal revenue without raising taxes
Feb 27 -
WASHINGTON– U.S. Congressman Rob Bishop (UT-01), Chairman of the House Natural Resources Public Lands and Environmental Regulation Subcommittee, and U.S. Senator David Vitter (R-LA), the top Republican on the Senate Environment and Public Works Committee, today introduced the Energy Production and Project Delivery Act of 2013.
This legislation would immediately help address the nation’s energy, job, and financial crisis by unleashing domestic energy resources, creating thousands of well-paying jobs, and generating significant federal revenues from energy production.
“The U.S. is blessed with diverse and abundant natural energy resources that, if utilized more responsibly, could help our country prosper and grow. With the President’s position that only new revenues will alter the course of sequestration, this bill provides an alternative to his proposal for new taxes on hard-working Americans. Here we present new opportunities to grow revenues in a way that will help address the critical issues of job creation and energy costs,” said U.S. Rep. Rob Bishop.
“There’s no disputing the fact that our nation’s domestic energy production on federal lands has been stymied by this administration and is trending in the exact opposite direction of the rapid growth we’re seeing on private and state lands. This legislation would help to reverse that trend by increasing access to our domestic resources, and would do so despite the threat from the White House to decrease oil and gas leasing and permitting on federal lands if sequestration goes through,” said U.S. Sen. David Vitter.
The U.S. Chamber of Commerce, The Western Business Roundtable, Americans for Limited Government, Americans for Tax Reform, and Americans for Prosperity have issued letters of support for this legislation.
The bill’s current cosponsors include: John Barrasso(R-Wyo.), Roy Blunt (R-Mo.), Saxby Chambliss (R-Ga.), Daniel Coats (R-Ind.), Thad Cochran (R-Miss.), John Cornyn (R-Texas), Mike Crapo (R-Idaho), Michael Enzi (R-Wyo.), Dean Heller (R-Nev.), John Hoeven (R-N.D.), James Inhofe (R-Okla.), Johnny Isakson (R-Ga.), Ron Johnson (R-Wis.), James Risch (R-Idaho), Richard Shelby (R-Ala.), Patrick Toomey (R-Penn.), David Vitter (R-La.), Roger Wicker (R-Miss.)
Energy Production and Project Delivery Act of 2013
· Requiring the Secretary of Interior to open closed areas of the OCS for mineral leasing could create 1.2 million long-term and well-paying jobs.
· Over the next 30 years, increased OCS leasing could generate approximately $8.2 trillion in GDP, or approximately $273 billion per year. Potential to provide more than $2.2 trillion in incremental tax receipts.
· Opens production along all our coasts and expedites a new 5-year lease plan that provides more than double the access of the current 5-year plan.
· Establishes an equal revenue-sharing formula by eliminating funding for land acquisition and diverting that money back to the offshore producing states.
· Opens ANWR to oil and gas production which could create approximately 730,000 jobs.
· Leasing ANWR could generate over $114 billion in royalty revenue plus another $95 billion in corporate income tax revenue.
Regulatory Streamlining and Project Delivery
· Expedites judicial review of energy projects on federal lands so that they are not caught up in extended legal challenges. According to the CBO, the number one action that could have been taken to accelerate spending authorized in the stimulus package was streamlining the National Environmental Policy Act (NEPA) environmental and judicial review processes.
· The U.S. Chamber of Commerce has identified more than 300 projects around the United States that are tied-up in environmental lawsuits. All 300 could provide a significant number of jobs to workers and families in need.
· Preserves Bureau of Land Management Resource Management Planning integrity through the elimination on duplicative “Master Leasing Plans”.
· Prevents EPA from regulating CO2 under the Clean Air Act (CAA) until China, India and Russia are similarly willing to hamstring their economies. EPA regulation of CO2 under the CAA could result in the average loss of over 500,000 jobs annually and over $7 trillion in GDP over the next 20 years.
· Requires EPA to do full economic analysis of the employment effects of EPA regulation under the Clean Air Act.
· The ESA was not intended to be used as a tool for climate change regulatory actions to further put American workers out of work, or to crush private landowners. This would prevent the consideration of greenhouse gases in ESA listings.
· Would prohibit another round of cutting off water to California farmers by the Department of Interior via action under the Endangered Species Act.
· Expedites the permitting of the Keystone XL Pipeline (20,000 jobs).
· Provides Drakes Bay Oyster Company an additional 10 years to operate the farm in Point Reyes National Seashore, CA (30 jobs).
 American Energy Alliance Study, The Economic Contribution of Increased Offshore Oil Exploration and Production to Regional and National Economics, Joseph R. Mason, February, 2009.
 CRS Memorandum, Possible Federal Revenue Estimates From Oil and Gas Production In Areas Currently Off-Limits, September 5, 2008.
 Congressional Budget Office, Letter to Senator Kent Conrad, January 28, 2009.
 Heritage Foundation, CO2-Emission Cuts: The Economic Costs of The EPA’s ANPR Regulations, David W. Kreutzer, Ph.D., and Karen A. Campbell, Ph.D., October 29, 2008