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Energy Companies Expect More Friends in Washington as Republicans Take Over House
As the House comes under GOP rule next year, Bracewell’s Joseph Brazauskas told The Wall Street Journal that Republicans are likely to challenge federal agencies they think have overstepped their rule-making authority, and create committees to look for waste, fraud or abuse in clean-energy programs. One big target is likely to be the Energy Department’s Loan Programs Office he said, which finances clean-energy technology projects.
“It slows down the policy-making,” Brazauskas said of congressional oversight. “It’s kind of like walking in the mud.”
House Republicans, who gained a slim majority in the midterm elections, are expected to support measures aimed at boosting domestic oil-and-gas production, and could use control of committees to scrutinize clean-energy programs.