• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

What’s on the GOP’s energy wish list? Keystone, and the EPA

By
Michael Casey
Michael Casey
Down Arrow Button Icon
By
Michael Casey
Michael Casey
Down Arrow Button Icon
November 5, 2014, 2:07 PM ET
Energy
contract armin harrisKyle Bean for Fortune

The Republicans took control of the Senate in rousing fashion Tuesday evening, and that is good news for fossil fuel interests. Even without a veto-proof majority, here’s what to expect from a redder Senate.

Keystone

One of the first things Republicans will do is push for a vote on the Keystone XL, the controversial 1,660-mile pipeline that runs from Alberta, Canada, to Texas, and which for the past six years has been at the center of a fight between environmentalists and big businesses. President Obama understands how important the issue is to his green base, but will be under increased pressure to authorize Keystone from Republicans who will dare him to veto it.

Oil exports

With U.S. Senator Lisa Murkowski is expected to chair the Energy and Natural Resources Committee, the debate over oil exports will take center stage. Big oil is pushing for the ban on oil exports — a legacy of the Arab oil embargoes of the 1970s — to be lifted amid a boom in domestic production. It would seem a no-brainer for a party that is known for free markets and a passion for drilling. But not all Republicans are for lifting the ban, with some expressing fears that it could lead to higher gas prices.

Drill baby, drill

Environmentalists are fearful that the Republican-majority will ramp up pressure to expand offshore and onshore drilling in the name of energy independence. Again, Murkowski could take the lead here, and target drilling in the Arctic National Wildlife Refuge and Outer Continental Shelf.

EPA regulations

President Obama has so far managed to push his environmental agenda — be that climate change or cleaner air — with Environmental Protection Agency regulations that largely bypassed Congress. The Republican majority can be expected to go after everything from the EPA’s plans to cut power plant emissions to strengthening the ozone standards, possibly by blocking funds to develop or implement the rules, or by attaching riders to appropriations bills that would limit the power of the EPA.

About the Author
By Michael Casey
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
Fortune Secondary Logo
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Middle EastIran
U.S. to send 2,500 Marines and an amphibious assault ship to Mideast, pulling them from waters near Taiwan
By Jon Gambrell, David Rising, Mike Corder and The Associated PressMarch 13, 2026
3 minutes ago
Middle EastIran
All 6 crew members on KC-135 refueling plane that crashed in Iraq are dead, bringing U.S. death toll to at least 13 service members
By Konstantin Toropin, Ben Finley, Kim Tong-Hyung and The Associated PressMarch 13, 2026
18 minutes ago
EconomyDebt
U.S. debt is like a Hallmark movie boyfriend who eventually gets dumped for a small town firefighter, budget watchdog warns 
By Jason MaMarch 13, 2026
3 hours ago
andrew yang
AITaxes
Ex-presidential candidate Andrew Yang says it’s time to ‘stop taxing labor’ and make AI foot the bill instead
By Jake AngeloMarch 13, 2026
5 hours ago
A man with a grocery cart peruses a dairy aisle in Costco.
LawTariffs
Americans are demanding refunds from the $180 billion in tariffs they paid for, and they’re suing companies like Costco to make it happen
By Sasha RogelbergMarch 13, 2026
5 hours ago
Personal FinanceCertificates of Deposit (CDs)
Best certificates of deposit (CDs) for March 2026
By Glen Luke FlanaganMarch 13, 2026
5 hours ago

Most Popular

placeholder alt text
Personal Finance
The national debt isn't $39 trillion. One economist says it's actually $100 trillion
By Nick LichtenbergMarch 13, 2026
16 hours ago
placeholder alt text
Economy
'This cannot be sustainable': The U.S. borrowed $50 billion a week for the past five months, the CBO says
By Eleanor PringleMarch 10, 2026
3 days ago
placeholder alt text
North America
The U.S. Mint dropped the olive branch from the dime. What does that mean for the country?
By Catherina GioinoMarch 12, 2026
23 hours ago
placeholder alt text
AI
'Proceed with caution': Elon Musk offers warning after Amazon reportedly had mandatory meeting to address 'high blast radius' and AI-related incidents
By Sasha RogelbergMarch 11, 2026
2 days ago
placeholder alt text
AI
Morgan Stanley warns an AI breakthrough Is coming in 2026 — and most of the world isn't ready
By Nick LichtenbergMarch 13, 2026
15 hours ago
placeholder alt text
Economy
Trump's immigration crackdown is backfiring by hurting the U.S.-born workers it was meant to help, data shows
By Sasha RogelbergMarch 10, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.