Washington, D.C – Following the unveiling of H.R. 1, the Lowering Energy Cost Act, which included H.R. 1023, the Greenhouse Gas Reduction Fund Repeal, Rep. Gary Palmer (AL-06) released the following statement:

“A significant factor of increased inflation is energy. Millions of American households are struggling to make ends meet because of President Biden’s highly inflationary energy policies,” said Rep. Gary Palmer.

Palmer continued, “Today, House Republicans are charting a better path forward. One that lowers energy costs and keeps our nation more secure through energy independence. H.R. 1, the Lower Energy Costs Act, shows the priorities of Republicans who are focused on ensuring American households have reliable and affordable energy and that our nation does not become reliant on China. I am glad to see my bill to eliminate President Biden’s climate bank is included in this legislation. I applaud the work of my colleagues on both the Energy & Commerce Committee and the Natural Resources Committee for putting together this comprehensive American energy bill.”

Rep. Palmer on his portion of the bill eliminating the EPA’s climate bank -

“The Democrat's misnamed Inflation Reduction Act established a taxpayer-funded $27 billion slush fund to fund investments in green energy projects, much like those funded by the failed Silicon Valley Bank,” stated Rep. Gary Palmer. “That bill, which received no Republican support, created this Green New Deal slush fund and raises many concerns about lack of accountability and oversight."

Palmer continued, “Over 20 million Americans are currently behind on their utility bills and lower-income and senior citizen Americans are especially hard pressed. They are not begging for more electric vehicles or solar panels, they are asking for their energy bills to be more affordable. If Democrats and the Biden Administration wanted to do something about the current energy crisis, they would unleash American energy instead of forcing us to into inadequate and unreliable green energy. Their policies will not only fail to meet our economy's energy needs, they will also make America reliant on China for materials needed for wind turbines and solar panels. If we learn nothing else from the war in Ukraine it should be this fact, that no nation should become reliant on an adversarial nation for something as critical for its economy and national security as energy. America is an energy superpower. We should use our vast resources to restore our economies vitality, to ensure our national security, and to meet the energy needs of our allies around the world.”

Background on Rep. Palmer’s portion of the bill: In 2022, Democrats under the leadership of Nancy Pelosi approved a $27 billion slush fund called the “Greenhouse Gas Reduction Fund” as part of the misleadingly named “Inflation Reduction Act.” This fund was given to the Environmental Protection Agency (EPA) to hand out to local governments and private entities to reduce greenhouse gas emissions by promoting green energy sources.