Senate Energy Committee Approves Portman-Shaheen Energy Efficiency Bill
Bipartisan Legislation Will Help Create Jobs, Protect The Environment & Reduce Energy Bills for American Families
WASHINGTON, D.C. – U.S. Senator Rob Portman (R-OH) today announced that the Senate Energy & Natural Resources Committee has approved the bipartisan energy efficiency legislation he introduced with Senator Jeanne Shaheen (D-NH), the Energy Savings and Industrial Competitiveness Act (ESIC). The measure contains key energy efficiency policy reforms that will strengthen the economy and reduce pollution without any new taxes or mandates. Components of the bill were signed into law by President Obama in April 2015 and are already helping individuals and companies use less energy, creating jobs and reducing emissions. Taken together, these bipartisan reforms include common-sense initiatives that will create nearly 200,000 new jobs, save consumers $16.2 billion annually in reduced energy costs, and reduce carbon emissions equivalent to taking 22 million cars off the road. ESIC has received broad bipartisan support and passed the Senate last year by a vote of 85-12. After the committee vote, Senator Portman released the following statement:
“This bill has garnered such widespread bipartisan support because it is good for the economy and jobs and good for the environment. It will help create nearly 200,000 new jobs, reduce our carbon emissions equivalent to taking 22 million cars off the road over the next 15 years, and give our workers in Ohio and around the country a competitive advantage by making our plants more energy efficient. Just as important, it will save consumers about $16.2 billion in reduced energy costs, helping families dealing with the middle-class squeeze by giving them more room in their family budget. That’s a win-win-win.”
NOTE: The Portman-Shaheen bill has been endorsed by a wide range of advocacy groups including the National Association of Manufacturers, the Alliance to Save Energy, industry leaders, and environmental stakeholders like the Natural Resources Defense Council because it creates jobs, saves consumers money, and reduces emissions. A 2014 study by the American Council for an Energy-Efficient Economy (ACEEE) estimates that Portman-Shaheen will create more than 190,000 jobs, save consumers $16.2 billion a year, and cut CO2 emissions and other air pollutants by the equivalent of taking 22 million cars off the road within 15 years. The bill uses a variety of low-cost tools to help energy users become more efficient while making the country’s largest energy user – the federal government – reduce its energy use through the use of energy-efficient technology. The bill incentivizes the use of efficiency technologies that are commercially available today, can be widely deployed across the country, and quickly pay for themselves through energy savings. The bill will help the United States transition to a more energy-efficient economy while driving economic growth and private sector job creation.