March 01,2022

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Wyden Statement on Path Forward for Clean Energy Tax Incentives and Need to End U.S. reliance on foreign oil and gas

Washington, D.C.—Senate Finance Committee Chair Ron Wyden, D-Ore., today released the following statement on the path forward for clean energy tax incentives and need to end the United States’ reliance on foreign oil and gas: 

“Russia’s invasion of Ukraine has provided a stark reminder of the need to free ourselves from the need for oil and gas from countries ruled by despots like Vladimir Putin. While the world’s response to Putin’s unjustified invasion has been strong, we all know that initial hesitations by countries around the world were driven, in large part, by concern about the impact of sanctions on Russian oil and gas on global energy prices.

 “We’ve been talking about achieving this goal for decades and have failed. It’s time to change that. While our package of clean energy tax incentives is first and foremost a way to reduce drastically carbon emissions, it will also reduce energy costs and further lessen our reliance on foreign oil and gas, including from authoritarian regimes. This will bolster our national security and diplomatic strength. We need to move this package as soon as possible—opposition to it is now simply a commitment to be reliant on tyrants like Putin for decades to come.”