Hoeven: Taxes and Burdensome Mandates Increase Inflation, Hurt U.S. Energy Security

Senator Pushing Back on Costly Methane Fee & Technology Mandates

WASHINGTON – Senator John Hoeven, a member of the Senate Energy and Natural Resources Committee, today released the following statement after the Biden administration issued a proposed fee on energy producers and other industries for methane emissions. The fee was authorized under Democrats reckless tax-and-spend bill and comes in addition to costly technology mandates that the administration finalized last month, both of which will result in increased prices for consumers.

“The cost of energy is priced into every good and service that we use, and additional taxes and mandates on producers will result in more inflation hitting Americans’ pocketbooks,” said Hoeven. “Instead, we should be advancing regulatory and tax relief that spurs innovation while empowering our energy industry to build the infrastructure we need to capture methane and get it to market efficiently. That’s the right path forward for our nation, which will bring down prices for consumers and restore U.S. energy security.”