The suit filed in the U.S. Court of Appeals in Washington Friday comes three months after the Obama administration announced it would not raise ethanol levels as high as the 2007 Renewable Fuel Standard, signed into law by President George W. Bush.
Called the “keep it in the ground act” act, the bill led by Rep. Jared Huffman, D-California, would apply to all federal lands and waters, including the Gulf of Mexico.
Janet Yellen said the economy had become “less supportive of growth,” but left open the possibility that cheap oil combined with lower interest rates could provide a boost.
Tuesday’s surprising move by the court is a blow to Obama and a victory for the coalition of 27 mostly Republican-led states and industry opponents.
Gerard expressed astonishment at the president’s proposal Monday, saying his group was only notified of the tax as the administration was “getting ready to roll it out.”
The Massachusetts Democrat says the decision announced Friday will allow gas to be exported to Canada through the Maritimes and Northeast Pipeline where it will be exported overseas. The pipeline currently flows from Canada into New England.
The proposal faces an uphill battle in the Republican-led Congress, which has repeatedly pushed back against the president’s climate change initiatives.
A report released Friday by the U.S. Energy Information Administration shows the capacity of solar installations grew by more than 32 percent nationwide last year.
The White House hopes the proposal will drive a debate about the need to get energy producers to help fund efforts to fight climate change.
The move throws into question a bill that sought to reform policies across the energy sector, from hydroelectric dams to home efficiency to defense against cyber attacks on the power grid.