This week, President Obama acknowledged that his cap-and-trade scheme--which was already rejected by Congress--would kill jobs and further slow economic growth. However, the President needs to do more than admit that new energy taxes will hurt our economy. He should commit to creating 20,000 new jobs by finally approving the Keystone XL Pipeline. He should call for the Senate to take up H.R. 1231, a bill passed by the House which would lift the ban on new offshore drilling and move America closer to long-term energy independence and security.
Unfortunately, the President is more focused on shutting down our current domestic energy production than expanding it. His EPA regulations are expected to shut down up to 54,000 megawatts of coal-fueled electric generation and cause at least 544,000 jobs losses next year. My promise to you is that I will fight any attempt by this Administration to make it more difficult for energy job creators to hire new workers, limit our capacity to safely develop new domestic energy, or make it harder for American families to simply pay their monthly bills. With your help, we can be successful.