Political Quotes

“today on the 45th anniversary of Earth Day, I am proud to introduce a pair of bills, S. 1057 and S. 1058, to promote clean energy and fight climate change. The first bill is the Geothermal Energy Opportunities Act, or GEO Act for short. Clean, low-carbon geothermal energy can play a starring role in the fight against climate change, and this legislation encourages the development of the geothermal resource in a number of important ways. The GEO Act helps prospective geothermal developers explore for and develop geothermal resources through a public-private grant program. As part of the partnership, developers report their findings, contributing to a nationwide map of geothermal potential that will reduce the risk and drive down the cost of geothermal energy for the future. In many cases, Federal lands already under production for oil and gas also have a geothermal resource, and the GEO Act allows for the oil and gas leaseholders to coproduce such geothermal energy without going through an additional competitive lease process. It also fully incorporates the bipartisan Geothermal Production Expansion Act that I introduced with a number of my colleagues earlier this year. That provision would streamline the Federal geothermal leasing program to prevent speculative bidders from unproductively driving up the price of leases for developers of geothermal ``hot spots'' that extend into lands directly adjacent to their existing geothermal lease.…”