Washington, DC—Late last night, Congresswoman Carol Shea-Porter stood with American consumers by voting in favor of critical energy legislation. The Comprehensive American Energy Security and Consumer Protection Act will increase domestic oil production, expand renewable energy, and end subsidies to big oil companies. The bill passed 236-189.
“Our country’s dependence on oil is a threat to our national security, a hazard to our environment, and a burden to the millions of Americans who are struggling to fill the tank,” said Congresswoman Shea-Porter. “This legislation is a true compromise. It will increase oil production while investing in technologies that will put us on a path toward true energy independence. I was pleased to vote for a comprehensive energy strategy.”
The Comprehensive American Energy Security and Consumer Protection Act will:
· increase domestic drilling;
· release nearly 10% of the oil stored in the Strategic Petroleum Reserve;
· create hundreds of thousands of new green jobs;
· promote renewable energy;
· extend crucial tax cuts to companies that produce solar, wind, geothermal, biomass, hydro, landfill and solid waste energy; and
· provide incentives, grants and tax cuts for fuel efficient vehicles, homes, and buildings.
Shea-Porter has consistently stood up for American consumers by working to address high energy costs. Earlier this year, Shea-Porter co-sponsored H.R. 6251, the “Responsible Federal Oil and Gas Lease Act.” This legislation requires oil companies to begin drilling on the land they currently have leased or face stiff penalties. They must “use it or lose it.” Shea-Porter was also an original co-sponsor of H.R. 6264, legislation which will restrict excessive oil speculation and prevent gouging.