Ending Market Distorting Subsidies for Unreliable, Foreign-Controlled Energy Sources
1. Purpose
Executive Order 14315 aims to eliminate market distortions caused by subsidies for unreliable energy sources like wind and solar, enhancing national security and preserving the country's landscape.
2. Key Actions And Directives
- Terminate Clean Energy Tax Credits: The Secretary of the Treasury must enforce the termination of clean electricity production and investment tax credits for wind and solar facilities.
- Review Energy Regulations: The Secretary of the Interior is to review and potentially revise regulations that favor wind and solar over dispatchable energy sources.
- Report Submission: Secretaries of the Treasury and Interior must submit reports within 45 days detailing compliance and action taken.
3. Important Points
- Taxpayer Burden: The order reflects the concern that taxpayers have been unfairly supporting unreliable 'green' energy initiatives.
- Energy Independence: The push for 'energy dominance' signifies a strategic shift towards reducing dependence on foreign energy sources.
- National Security Risks: Highlighting that foreign-controlled energy reliance poses a risk to national security and the resilience of the electrical grid.
- Landscape Preservation: Seeks to balance energy pursuits with the preservation of the nation's natural beauty.
- Financial Responsibility: Cost implications of the executive order are to be managed by the Department of the Treasury.
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