Inflation Reduction Act is Bad Law and Terrible Timing
Posted: Fri Aug 12, 2022 9:31 am
From RigZone:
Energy industry opposes Inflation Reduction Act.
The American Petroleum Institute has joined with nearly 60 other trade groups in opposing the Inflation Reduction Act as passed by the Senate. The American Petroleum Institute (API) has joined with nearly 60 other trade groups representing America’s natural gas and oil industry in opposing the Inflation Reduction Act (IRA) as passed by the Senate. In a letter to House Speaker Nancy Pelosi and Minority Leader Kevin McCarthy, the organizations outlined problematic provisions, including punitive new taxes and regulatory red tape that undermine the industry’s ability to promote energy security for the American consumer. Read the full text of the letter below.
https://www.rigzone.com/news/energy_ind ... 9-article/
Energy industry opposes Inflation Reduction Act.
The American Petroleum Institute has joined with nearly 60 other trade groups in opposing the Inflation Reduction Act as passed by the Senate. The American Petroleum Institute (API) has joined with nearly 60 other trade groups representing America’s natural gas and oil industry in opposing the Inflation Reduction Act (IRA) as passed by the Senate. In a letter to House Speaker Nancy Pelosi and Minority Leader Kevin McCarthy, the organizations outlined problematic provisions, including punitive new taxes and regulatory red tape that undermine the industry’s ability to promote energy security for the American consumer. Read the full text of the letter below.
https://www.rigzone.com/news/energy_ind ... 9-article/