The Wall Street Journal’s Editorial Board writes about a new bipartisan energy deal.
- Senator Joe Manchin is looking to create bipartisan energy and climate legislation.
- One issue that lawmakers should address is permitting and review under the National Environmental Policy Act (NEPA).
- While well-intentioned, NEPA has become inefficient and delays projects by years, inflates costs, and wastes taxpayer money.
- By modernizing NEPA Congress can net a win for our energy security, environment, and economy.
“Any worthwhile deal, at a minimum, should make the National Environmental Policy Act (NEPA) a less lethal regulatory weapon. While a large pipeline can be built in a year or two, federal permitting can take two to three times as long. If there are lawsuits—and there always are—you’re looking at a decade or more. Add that to the cost in present value of any energy or other project.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
