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FIRST ON FOX: Republican leaders in the Senate and House have opened a joint probe into the International Energy Agency (IEA), a robust group with affect on main global decarbonization policies.
In a letter late Wednesday to IEA Executive Director Fatih Birol, Senate Energy and Natural Resources Committee rating member John Barrasso, R-Wyo., and House Energy and Commerce Committee Chair Cathy McMorris Rodgers, R-Wash., mentioned the Paris-based group has strayed in current years from its core mission of “promoting energy security.” They warned that IEA’s actions threaten to hurt the group’s popularity for impartiality.
“We would argue that in recent years the IEA has been undermining energy security by discouraging sufficient investment in energy supplies,” Barrasso and McMorris Rodgers wrote in the letter. “Moreover, its energy modeling no longer provides policymakers with balanced assessments of energy and climate proposals. Instead, it has become an ‘energy transition’ cheerleader.”
“Until recently, the IEA has served as a valuable source of reliable information on the security of oil markets, and has provided a mechanism whereby oil-consuming countries can respond effectively to oil shortages,” they continued. “Consequently, the IEA must conduct its energy security mission in an objective manner. We believe the IEA is failing to fulfill these responsibilities.”
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Senate Energy and Natural Resources Committee rating member John Barrasso, R-Wyo., and House Energy and Commerce Committee Chair Cathy McMorris Rodgers, R-Wash. (Getty Images/File)
Barrasso and McMorris Rodgers famous that the Biden administration cited IEA forecasts, somewhat than inside research, when justifying its current motion to pause new liquefied pure fuel (LNG) export tasks, a transfer closely criticized by many in the U.S. energy trade.
Deputy Energy Secretary David Turk, who beforehand served as a frontrunner on the IEA, confirmed the administration’s reliance on IEA forecasts final month, which the 2 GOP lawmakers characterised as “deeply troubling.”
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“To defend the indefensible, the Biden administration trots out its ostensible fear that more LNG export capacity may be built than is needed,” the pair continued in their letter to Birol. “The basis of that fear is the IEA’s unrealistic modeling. Decisions about future LNG export capacity should be left up to market participants and investors, not politicians or bureaucrats.”
International Energy Agency Executive Director Fatih Birol (Ian Langsdon/AFP through Getty Images/File)
According to the IEA, it was based in 1974 amid the global oil disaster to assist coordinate the worldwide response to grease provide disruptions. But in current years, Republicans have criticized it for altering course by inserting a big emphasis on pursuing decarbonization policies and “building net-zero emissions energy systems to comply with internationally agreed climate goals” – a quote from the Barrasso-McMorris Rodgers letter.
And in 2021, the IEA printed a Net Zero Roadmap report that the GOP pair described as “long on aspiration, but short on the things that matter most to policymakers.”
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At the identical time, the U.S. Department of Energy (DOE) lists the IEA as a key companion on coverage evaluation and facilitating energy safety and technical cooperation. Several senior DOE employees additionally symbolize the U.S. on varied IEA committees.
Barrasso and McMorris Rodgers concluded their letter by itemizing a collection of questions for Birol to reply about his group’s actions and energy analysis.
The IEA did not instantly reply to a request for remark.
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