The Chamber supports the development and expansion of American energy resources to improve energy security and create jobs in the United States. Reliable and affordable energy is essential to running a business and fueling economic growth and competitiveness. We support investments that will allow Kentucky to maintain its role as an energy leader and create further export opportunities for our coal and natural gas industries. The U.S. is on track to become a net energy exporter, an accomplishment that would place the U.S. at an economic advantage while enhancing our security.
The Chamber has opposed federal regulations that threaten the Commonwealth’s low cost energy advantage and our ability to expand business. Specifically, rules aimed at reducing greenhouse gas emissions threaten Kentucky’s electric power fleet and deter the extraction of viable natural gas reserves. These rules could limit the economic viability of power plants and wells, thereby limiting supplies of fossil fuels and forcing the state to rely on more costly alternatives.
The Chamber supports the development of regulations that are stakeholder driven and based on scientific evidence, technical viability and economic rationality. For example, the Chamber opposes the regulation to control carbon dioxide from new coal plants because compliance with the rule would require the use of environmental controls that are not commercially viable or result in retirement of economically viable units without any significant environmental benefits. Further, the Chamber supports legislation that would give the Environmental Protection Agency (EPA) more time to consider if new criteria air pollutant standards are warranted before promulgating the standard. The Chamber also believes additional time is necessary for fish and wildlife officials to adequately collect and review data before listing a new species as endangered and threatened.
We support policies that allow Kentucky regulators, instead of outside interest groups and regulators, to make decisions that are best for the Commonwealth. The Chamber has opposed federal regulations, including one directed at the effects of coal mining, that were developed with limited involvement of state regulators and stakeholders. Further, the Chamber opposes “sue and settle” tactics where a special interest group sues the EPA to enter into a settlement that then directs the EPA into a course of action not vetted through the traditional stakeholder process. The Chamber has supported legislation to improve the transparency of these arrangements.