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‘Paying More for a Dimmer Future’: House Cmte. Drops Report Blasting Biden Energy Policy.

New Oversight Report a Reality Check for Biden Admin’s Green New Deal.

Photo for: ‘Paying More for a Dimmer Future’: House Cmte. Drops Report Blasting Biden Energy Policy.

Chair James Comer and his House Oversight Committee dropped a 32-page report this week criticizing the Biden Administration’s energy policies, also known as the Green New Deal.

The report, entitled  “The Biden Administration’s Green New Deal: Paying More for a Dimmer Future,” blasts Biden for  “shortsighted energy policies” and what it describes as a failure “to recognize the potential of American energy.”

“The Administration purports to pursue policies aimed at increasing electrification while simultaneously stymieing growth potential for power producers necessary to support these initiatives. Permitting challenges threaten access to resources and bringing new power generation infrastructure online. And massive, costly new regulations stifle innovation and growth,” the report states. “This report details major problems facing critical sectors of the U.S. economy exacerbated by the Biden Administration’s shortsighted energy policies and the resulting impacts on American businesses and consumers.”

During a recent interview with Fox News, Oversight Chair Comer blasted the Biden Administration for weaponizing the executive branch to wage war on America’s energy potential.

“From day one, the House Oversight Committee has worked to expose the Biden Administration’s radical climate agenda,”Comer said. “The Committee will continue to fulfill its responsibility to hold this Administration accountable for its detrimental Green New Deal policies that are impacting Americans across the country.”

The committee report highlights Biden’s failed approach to energy policy as well as the fact that gas prices have steadily increased on his watch.

“Gas prices were $2.39 per gallon the day after President Biden took office on January 20, 2021. On February 25, 2022, the day following Russia’s invasion of Ukraine, the national average for a gallon of gas had already reached $3.57—indicating that gas prices were already sky-high and rising under the Biden Administration despite protestations from President Biden that Russia was solely responsible for domestic fuel inflation. On June 14, 2022, average national gas prices surged to an all-time high, with the price of a gallon of regular unleaded gas reaching $5.016,” the report noted.

The report added, “When President Trump took office in January 2017, the average price of gas was $2.47 per gallon. The average for his entire four-year term was only slightly higher, at $2.57. According to the U.S. Energy Information Administration, retail gasoline prices never exceeded $3.039 on a weekly average throughout the Trump presidency.”

The report also blasts the elimination of consumer choice — forcing Americans to adopt more expensive products and services in the name of a misguided climate crusade.

“As the regulatory onslaught compounds, the most impacted are low-income communities through increased electricity prices and vehicle costs, and people on fixed incomes based on savings or investments—like retirees—through climate disclosure mandates and Environmental, Social, and Governance (ESG) rules suppressing returns,” the report continued. “As firms pass along tax obligations to consumers, regulatory compliance serves as an additional “hidden tax” impacting both consumer prices and wages.”

“Forcing more and more resources to be spent navigating the ever-growing and complex regulatory burden diverts time and money away from growing businesses and fostering economic mobility.”

[h/t Fox News]