House Committee Evaluates Energy Roadmap
Today, the House Energy and Commerce Committee held a hearing on H.R. 909, A Roadmap for America's Energy Future (video of the hearing is available here). The Nunes authored energy plan is supported by 72 House Republicans and is the only comprehensive zero cost energy bill before Congress. It aims to immediately place downward pressure on energy prices while establishing the framework necessary for long-term energy independence.
"Congress needs to act in a bold way. The average retail price of gasoline during the hearing today was $3.79 per gallon, with several states well over $4.00. Americans need leadership and I am confident that A Roadmap for America's Energy Future provides that leadership," said Rep. Nunes.
Several key features of the Energy Roadmap tie additional fossil fuel production with the development of renewable energy alternatives. In addition, the establishment of a renewable energy reverse auction adds a competitive twist that will spur greater innovation, sustainability and long-term affordability.
"I appreciate Subcommittee Chairman Whitfield and his committee's willingness to examine the Energy Roadmap. The bill reflects the need to address the realities confronting American families today, including the need for more oil and gas. But it also tackles our long term need to deploy affordable alternatives," said Rep. Devin Nunes. "I also appreciate the fact that Ranking Member Waxman is willing to examine the reverse auction mechanism outlined in the bill which I believe will deliver better results than existing subsidies and credits."
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