Foreign Policy endorses the Energy Permitting Reform Act

Nice article from Foreign Policy here (h/t @Jonathan Marshall) with the sub-head, Rather than drill, baby, drill, it should be build, baby, build.

A bipartisan bill to reform the nation’s permitting system is currently waiting for action in Congress. It would take important steps to enable new transmission development and bolster grid reliability. It establishes a standard definition of the benefits of transmission so that the cost of projects can be allocated to customers in proportion to how much they benefit from the new transmission capacity. It also gives the federal government the authority to permit interregional transmission projects that are in the national interest.

Many environmental groups have opposed the bill because it includes provisions to expedite permits for export of liquefied natural gas (LNG) and to expand oil and natural gas leasing and permitting. Such concerns are exaggerated, as the fossil fuel provisions would have small effects on domestic markets and even smaller effects on global markets. The global LNG market is already at risk of being oversupplied, so few new projects are likely to move forward. And even if U.S. export capacity is constrained, foreign producers such as Qatar can ramp up supply instead. Similarly, the oil and gas leasing provisions for federal land only have a modest impact on production because most U.S. supply growth has been on private land, and current law already mandates more federal lease sales than recent experience suggests the industry is willing to buy.

Both Republicans and Democrats should agree that these are urgent national priorities—and modernizing and expanding the nation’s power system is key to achieving all of them. By building the needed grid infrastructure and ensuring the system is reliable and cost competitive, the incoming Trump administration will have the best chance of keeping its promise to lower energy prices, bolstering the economy, benefiting consumers and businesses, and helping maintain Americans’ economic prosperity and national security.

Exactly right! The Energy Permitting Reform Act still has a shot of passage during the lame duck session in December, and it will be one of our primary asks on our virtual lobby day. On that note, don't miss our fall virtual conference session, The Continuing Case for Permitting Reform | 3:15 - 3:45 p.m. ET / 12:15 - 12:45 p.m. PT on Saturday 12/7 🤓

1 Replies

@Dana Nuccitelli
I read this op ed in Foreign Policy this morning. I think it is required reading before our December lobby day. Thanks for sharing it, Dana.

Deirdre

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