04/07/2021 | Press release | Distributed by Public on 04/07/2021 15:51
TIOGA, N.D. - Senator John Hoeven, a member of the Senate Energy and Natural Resources Committee, today held a roundtable discussion with local energy producers in western North Dakota to review ongoing developments in the region's energy industry and outline his efforts to maintain America's leadership in energy production. To this end, Hoeven is working to:
'North Dakota built the right kind of legal, tax and regulatory environment needed to unleash innovation and realize the potential of the Bakken region,' said Hoeven. 'This has led to a strong economy, created good-paying jobs and made America a global energy powerhouse. We need to build on this progress to ensure our continued economic and national security. However, the Biden administration is headed in the wrong direction, reviving burdensome regulations, locking away taxpayer-owned energy resources and threatening tax increases that put our nation at a competitive disadvantage. This has serious consequences for local economies, increases prices for consumers and reduces needed revenues to state, tribal and local governments. That's why we will continue our efforts to press back on duplicative federal rules and unilateral actions like these from the administration, and instead work in bipartisan fashion to advance new innovations, like CCUS, that empower us to produce more energy with better environmental stewardship.'
North Bakken Expansion Project
Hoeven is working to secure approval for WBI Energy's proposed $260 million natural gas expansion project, which will help reduce natural gas flaring in the Bakken by providing an additional 250 million cubic feet per day of natural gas takeaway capacity for operators in the region. Accordingly, Hoeven has led efforts with the North Dakota delegation inexpressing their support for the project to FERC and urging the agency to take timely action on the project before its next scheduled meeting. Doing so would help keep the project on schedule and ensure the pipelines are in service by November 1, 2021.
Addressing the Administration's Executive Actions
Hoeven's work on the WBI expansion project aligns with his ongoing efforts to support the infrastructure and energy development needed to strengthen the nation's economic and national security. To this end, the senator has:
Ensuring the Reliability of the Electric Grid
Hoeven has been pressing FERC to ensure coal's role as a reliable source of baseload power is properly valued, outlining the need to maintain diverse sources of electricity. At the same time, the senator continues supporting the development of CCUS technologies to help produce more energy from coal-fired electric, while also reducing emissions. His efforts include:
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