Jeb Bush Energy Plan Emphasizes US Jobs, Lower Prices
WASHINGTON, Sept 29 (Reuters) - Republican U.S. presidential candidate Jeb Bush will lay out energy policy proposals on Tuesday that seek to spur job growth and take aim at President Barack Obama's plan to limit carbon emissions from power plants.
In a speech at Rice Energy Inc., in Canonsburg, Pennsylvania, Bush will give yet another detailed policy speech on what he would try to accomplish if elected president in November 2016.
It is part of an extended campaign approach by the former Florida governor to present himself as a conservative policy heavyweight as he attempts to make up ground to Donald Trump, who has been leading in opinion polls ahead of the Republican presidential nomination.
In details of his plan released by his campaign, Bush will call for lifting a U.S. ban on crude oil exports and lift restrictions on natural gas exports that have made it harder to export energy to countries like Japan, China and the European Union.
Lifting the ban, Bush said in a Medium post published on Tuesday, would create "hundreds of thousands of additional jobs and significantly lower net energy costs within two years."
Bush will vow to fight Obama's plan, released last month, that would force U.S. power plants to reduce carbon emissions as part of an effort to attack climate change.
The White House plan would order power plants to cut carbon emissions 32 percent from 2005 levels by 2030. The aim is to encourage an aggressive shift toward renewable energy and away from coal-fired electricity, pushing utilities to invest even more heavily in wind and solar energy.
Industry groups and some lawmakers from states that have relied on coal-based energy have vowed to challenge the new requirements in the courts and through Congress.
Bush said in his post that the Obama plan "needs to be stopped in its tracks" and that any federal rules that would suppress domestic energy production and raise energy prices should be addressed by the next president.
Bush will also vow to approve the Keystone Xl pipeline, the Canada-to-Texas pipeline that the Obama administration has been reviewing for years without approving it. Democrat Hillary Clinton, who is seeking her party's nomination for president, has said she opposes the pipeline.
Bush has vowed to pursue policies that would lead to 4 percent annual economic growth, and his energy plan is part of that platform.
(Reporting By Steve Holland; Editing by Ken Wills)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Weatherford CEO's Rebound Plan Relies On Getting Smaller
- Iran Says Oil Market Is Too Tight For US Zero Exports Target
- China's Squeezed 'Teapots' Eye Petchem Path To Riches
- Baker Hughes: US Drillers Add Oil Rigs For Second Week In Three
- Venezuela Hands China More Oil Presence, But No Mention Of New Funds
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Rooftop Solar Now 4th Largest Source of Electricity in Australia
- US Confirms Reimposition of Oil Sanctions against Venezuela
- EU, Industry Players Ink Charter to Meet Solar Energy Targets
- Analyst Says USA Influence on Middle East Seems to be Fading
- Russian Ships to Remain Banned from US Ports
- Brazil Court Reinstates Petrobras Chair to Divided Board
- EIB Lends $425.7 Million for Thuringia's Grid Upgrades
- Var Energi Confirms Oil Discovery in Ringhorne
- Seatrium, Shell Strengthen Floating Production Systems Collaboration
- An Already Bad Situation in the Red Sea Just Got Worse
- What's Next for Oil? Analysts Weigh In After Iran's Attack
- USA Regional Banks Dramatically Step Up Loans to Oil and Gas
- EIA Raises WTI Oil Price Forecasts
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Venezuela Authorities Arrest Two Senior Energy Officials
- Namibia Expects FID on Potential Major Oil Discovery by Yearend
- Oil Markets Were Already Positioned for Iran Attack
- Is The Iran Nuclear Deal Revival Project Dead?
- Petrobras Chairman Suspended
- Oil and Gas Executives Predict WTI Oil Price
- An Already Bad Situation in the Red Sea Just Got Worse
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil and Gas Execs Reveal Where They See Henry Hub Price Heading
- Equinor Makes Discovery in North Sea
- Macquarie Strategists Warn of Large Oil Price Correction
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Standard Chartered Reiterates $94 Brent Call
- Chevron, Hess Confident Embattled Merger Will Close Mid-2024
- Analysts Flag 'Remarkable Feature' of 2024 Oil Price Rally