Sen. Cruz Introduces Broad Legislation Encompassing Energy Development Wish List

摘要

The renewable fuel standard would be phased out over five years, Alaska's Arctic National Wildlife Refuge would be opened for oil and gas exploration and the permitting process for the export of liquefied natural gas would be expedited, under a broad energy bill introduced by Sen. Ted Cruz (R-Texas). The American Energy Renaissance Act (S. 791) also would approve the Keystone XL pipeline, repeal the ban on the export of most domestic crude oil, stop the federal government from regulating hydraulic fracturing and stop the Environmental Protection Agency from regulating greenhouse gas emissions and other EPA regulations that would adversely affect coal and electricity plants, according to a bill summary.