Energy Town Hall
Do you have questions about energy and energy policy in our nation? The Partnership’s Energy Town Hall is a forum to answer member questions and engage in a thoughtful discussion about solutions to our nation’s energy challenges. Get involved today: review the Question of the Week and previous questions and submit a question of your own!
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Question of the Week
What will be the impact of "Cap and Trade"?
“Cap and trade” is an overly ambitious federal government plan to address climate change by mandating a cap on greenhouse gas emissions, and then allowing companies to purchase and sell emission permits on a market similar to a stock exchange.
Unfortunately, this proposal will have a disproportionately unfair impact on consumers and producers of oil and natural gas. The Heritage Foundation has estimated that gasoline prices alone would jump by 58%. Experts have also predicted the loss of millions of American jobs as a result of cap and trade.
In addition, the proposed cap and trade plan would hurt our nation’s energy security. According to independent studies, our reliance on foreign energy would increase and domestic production would decline as a result of cap and trade.
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