Cornyn: New Administration Should Prioritize Pro-Growth Energy Policy

We can make real strides in energy innovation and production. Its really an historic opportunity if you think about it.  WASHINGTON  In remarks on the Senate floor today U.S. Senator John Cornyn (R-TX) spoke about the American Energy and Conservation Bill and the opportunity to work with the new Administration to unleash our energy potential. Excerpts of his remarks are below and video can be found here.

This bill is about as straightforward as it can get. It incentivizes American energy production through revenue-sharing agreements with the federal government. This is important because states like mine especially along the Gulf Coast spend an awful lot of money investing in infrastructure to support an industry that benefits not just our states not just the region by the entire country."  Given these states produce a big portion of the oil and gas our entire nation needs to keep the lights on its only right that these states should benefit from some modest revenue sharing. This legislation would make sure that that is possible."  This legislation is a good example of the kind of energy policy that a new Congress can put forward next year and actually have the prospect of being signed into law under a new Administration."  Im looking forward to getting a lot done to help free up our nations economy and in particular by promoting our nations energy resources." Its not just important to our economy its important to our national security and the world order."  We need to seize this opportunity to reform the regulatory process. We need to address the Renewable Fuel Standard which is not working for anybody and build on the energy renaissance occurring in states like… Texas." We can make real strides in energy innovation and production. Its really an historic opportunity if you think about it. I look forward in the future to discussing even more ideas about how we can capitalize on our nations energy resources for everyones benefit.

Senator John Cornyn a Republican from Texas is a member of the Senate Judiciary and Finance Committees.