Energy (Oil & Gas)

This bill requires the Federal Energy Regulatory Commission (FERC) to consider environmental justice and greenhouse gas emissions when reviewing applications for natural gas pipeline projects and other infrastructure needing a certificate of public convenience and necessity. FERC must evaluate how projects affect communities disproportionately burdened by pollution (defined as communities of color, indigenous groups, or low-income areas) and quantify all foreseeable greenhouse gas emissions, including upstream leaks and downstream combustion. Projects emitting 100,000+ metric tons of CO2 equivalent annually are presumed to have significant climate impacts. Applicants must submit mitigation plans to address environmental effects, and FERC must attach enforceable conditions to certificates if mitigation is practicable - or provide a detailed explanation if it isn’t.

The Energy Choice Act (S 1945) prohibits state or local governments from restricting how energy is delivered to end-users based on the energy source. It specifically bans laws or regulations that limit connection, installation, or access to energy services (like natural gas, electricity, or renewable fuels) solely because of the energy type. This directly affects state/local agencies and utilities by preventing them from imposing source-specific restrictions on energy infrastructure. The bill aims to ensure all energy sources can be delivered without local regulatory barriers based on their origin.

This bill directs the President to restrict U.S. natural gas exports through regulations aimed at keeping domestic energy prices low. It requires the President to issue a rule prohibiting natural gas exports, with limited exemptions for national security or strategic allies that must be approved by Congress. The bill claims such restrictions would prevent projected price increases for households (up to $124 annually) and industries (up to $125 billion by 2050) cited in its findings. It directly affects U.S. energy consumers and industries reliant on domestic natural gas, as defined by the bill's stated purpose.

HRES 57 is a symbolic resolution recognizing natural gas as an affordable and "green" energy source. It states that U.S. natural gas production benefits the economy and environment, citing reduced emissions data and LNG export statistics. The resolution does not change laws or funding but formally declares support for expanding domestic natural gas production and infrastructure. It specifically references opposing methane emission fees and aligns with EU energy policies that classify natural gas as "green." This resolution has no binding effect on policy or regulation.

HR 662 amends the tax code to change how oil and gas companies calculate taxable income related to intangible drilling and development costs. It allows companies to disregard certain depreciation and depletion expenses recorded on their financial statements when computing taxable income, effectively reducing their tax burden on these specific costs. The bill directly affects oil and gas producers who use intangible drilling costs in their operations. The changes apply to taxable years beginning after December 31, 2025. This is a tax code adjustment, not a direct policy change for energy production.