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.