Congressman Joe Pitts (PA-16) has signed on as a cosponsor of the American Energy Act. The legislation, introduced by Republican Leader John Boehner (OH-08), will clean up the environment, lower energy costs, and create more American jobs.
Included in the bill is a provision from legislation first introduced by Rep. Pitts that would place oil refineries on closed down military bases, as well as a provision from Rep. Pitts that would fast track the approval process for new nuclear reactors on sites where reactors already exist.
Congressman Pitts' statement follows:
"This legislation will strengthen America's energy security and increase clean renewable energy at the same time. It stands in stark opposition to the national energy tax moving through Congress in the form of a cap and trade plan. We need to embrace an all-of-the-above energy strategy that takes advantage of our nation's vast energy resources to increase our energy security while capitalizing on America's ingenuity to develop the next generation of clean, renewable and alternative energy sources."
The American Energy Act establishes a renewable energy trust fund that would increase environmentally-safe energy production far off our shores and in remote areas of the West, and use revenues generated through this production to support innovation in renewable and alternative energy sources, like wind and solar technologies. The legislation also establishes a national goal of licensing 100 new nuclear reactors over the next twenty years by streamlining a burdensome regulatory process and ensuring the recycling and safe storage of spent nuclear fuel.