A group of midsize oil and gas producers have a clear message for congressional leaders: abolish the hundreds of billions in clean energy tax credits passed by Democrats.
In a new letter to tax committee leaders, the group argues a full repeal of the Inflation Reduction Act is the only “moral and practical path forward” to “truly unleash American energy.”
“We, the undersigned American energy producers and investors, write to voice our principled support for full repeal of the Inflation Reduction Act’s (IRA) energy subsidies, including subsidies that would appear to be in our firms’ and industry’s benefit,” said a letter released Friday from companies including Atlas Energy Services, Spectra Holdings and Innovex International.
Alex Epstein, who leads the pro-fossil-fuel advocacy group Energy Freedom Fund, helped coordinate the effort.
