Energy
Driven by technological innovation, America is in the midst of an energy revolution that will help meet the world’s growing demand for energy while reducing emissions. This innovation has propelled the U.S. to become the world’s largest oil and natural gas producer—done under the strictest environmental standards. Our growing renewable energy industry and nuclear industries hold great promise to produce more emissions-free electricity, even while more work lies ahead developing the technologies of tomorrow that promise to decarbonize our economy without sacrificing reliability or affordability. American energy has spawned a manufacturing renaissance, which has created trade opportunities and transformed our economy.
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Our Work
The U.S. Chamber’s Global Energy Institute is playing a leading role in the fight to modernize our energy infrastructure, including pipelines, transmission lines, and other facilities needed to meet growing energy demands. Rather than artificial policy constraints through canceled projects and mandates, the Chamber supports efforts to reduce the environmental footprint of energy production and is working on bipartisan solutions to allow the U.S. to maintain its competitive edge and utilize our abundant energy resources.
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Today’s Decision Shows Investors that ‘Things Have Changed in Washington’ WASHINGTON, D.C.— U.S. Chamber of Commerce President and CEO Thomas J. Donohue issued the following statement today following the Trump administration’s approval of the Keystone XL pipeline’s presidential permit:
Meeting the commitments in the Paris climate agreement could cost the U.S. economy $3 trillion and the industrial sector 6.5 million jobs.
Meeting the commitments President Obama made as part of the Paris climate accord could cost the U.S. economy $3 trillion and 6.5 million industrial sector jobs by 2040, according to a comprehensive new study prepared by NERA Economic Consulting.
Rulemaking Under Previous Administration was Rushed, Lacked Transparency and Full Participation WASHINGTON, D.C. — U.S. Chamber of Commerce Senior Vice President of Environment, Technology, & Regulatory Affairs William Kovacs issued the following statement today after the Trump administration announced it is re-opening a review of vehicle fuel efficiency standards through Model Year 2025:
The Energy Information Administration expect U.S. shale oil production to reach 5 million barrels a day.
ExxonMobil will invest $20 billion to build or expand 11 different manufacturing facilities, creating 45,000 jobs.
Keeping barriers to the flow of investment and energy low is good for U.S. businesses, workers, and consumers.
Let's take a moment to look at what the president has done and what he should do in the months ahead to help our economy grow faster.
