McKinley Introduces Legislation to Protect Access to Affordable, Reliable Energy in Developing Countries
President Biden’s climate policies ignore overseas energy challenges
Washington, November 4, 2021
Tags: Energy & Environment
Washington, D.C. - Today, U.S. Representatives David B. McKinley, P.E. (R-W.Va.) introduced the Supporting Affordable and Reliable Energy in Developing Countries Act of 2021. The bill ensures that developing countries are protected from any policies such as bans on coal, gas and oil projects, which would stifle the ability to provide reliable energy to their people.
“This bill would prevent the Biden Administration from eliminating U.S. financial support for energy projects. This legislation is essential to protecting developing countries and their ability to access affordable and reliable electricity from fossil fuel and nuclear projects,” said McKinley.
“President Biden’s commitment to end financial support for fossil fuel projects overseas puts developing countries at a significant disadvantage,” said McKinley. “This policy is also counter-productive, giving China a free pass to extend their influence and fill the void with dated technology that will increase emissions in the long run. U.S.-backed projects would utilize cleaner energy technology and ensure healthy competition exists in this market.”
“The U.S. should be leading the way by exporting our energy and our technology around the world and focus on innovating,” added McKinley. “Instead, we are choosing to simply ignore reality and eliminate significant energy resources that our competitors will simply step in and provide.”
Representatives Garret Graves (LA-06), Dan Crenshaw (TX-02), and Michael Burgess (TX-06) joined as original cosponsors of this legislation.
President Biden announced this week at the global climate summit in Glasgow that the U.S. will join other countries to stop financing fossil fuel projects that are not equipped with state-of-the-art carbon capture, utilization and storage technology by the end of 2022. Yet other major countries like Japan, South Korea and China have not agreed to this proposal, signaling that they will continue to finance energy infrastructure projects abroad.