Top Senate Republican accuses Biden of 'throwing away' US energy sector in budget plan

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The No. 3 Republican in the Senate is accusing the Biden administration of "throwing away" the U.S. energy sector in his recently unveiled budget proposal that would punish fossil fuels with higher taxes and award "lavish subsidies" to green energy initiatives.

"America is fortunate to have abundant energy resources. Our nation needs to be focused on unleashing American energy and innovation instead of throwing away one of our biggest economic and geopolitical advantages," Senate GOP Conference Chair John Barrasso, R-Wyo., wrote in a Thursday letter to Treasury Secretary Janet Yellen.

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Posted on March 16, 2023 and filed under Oil and Gas.