Four Texas Democratic Congressmen I have written a letter to President Biden, asking him to recind his executive order halting
federal land being leased to oil and gas companies for energy, Townhall reports.
Reps. Vincente Gonzalez, Lizzie Fletcher, Henry Cuellar, and Marc Veasey – sent the letter to Biden Wednesday, asking him to rescind the order.
"Media reports indicate that the Administration plans to announce a new proposal to ban responsible energy leasing, including oil and gas leasing, from our federal waters and lands indefinitely," the letter stated.
"A federal ban for any period of time will certainly imperil hundreds of thousands of jobs, entire communities, and billions of dollars in royalty revenues to the Federal Treasury and eliminate funding for important conservation programs such as the Land and Water Conservation Fund (LWCF)."
Townhall says the order will result in a GDP loss of $700 billion and the federal government will lose its biggest revenue generator, the letter stated. One of the other concerns they share is America returning to dependence on foreign oil.
The four Texans also took time in their letter to stand up for our neighbor, New Mexico, which funds its school system largely from oil and gas tax revenue that goes into a reserve fund for that purpose.
"New Mexico, a small, poor state that receives a huge portion of their revenue for things like funding Albuquerque schools, will find this rule devastating," they wrote.
--------------------------------------------------
** We are dedicated to bringing you Texas Politics, 365 days a year! Tips? texaspolitics365@gmail.com
Advertisement
For advertising opportunities, email us.
.webp)
No comments:
Post a Comment