U.S. Energy Policy: Progress & Warnings Christopher Guith, Senior - PDF document

U.S. Energy Policy: Progress & Warnings Christopher Guith, Senior Vice President Global Energy Institute U.S. Chamber of Commerce Washington, DC Tuesday, February 19, 2019 9:55 a.m. to 10:30 a.m.

Christopher Guith Senior Vice President Christopher Guith is senior vice president at the U.S. Chamber of Commerce’s Global Energy Institute. He is responsible for developing the Institute’s policies and initiatives as they apply to the legislative, executive, and regulatory branches of the federal and state governments. Specifically, Guith primarily focuses on the development of the Energy Institute’s policies and messaging relating to oil and natural gas, generation, and nuclear energy. He led the Chamber’s Shale Works for US campaign, which an alyzed and promoted the widespread benefits of shale energy development in America. Guith offers expertise on an array of energy and environmental issues. He educates policymakers, businesses, energy stakeholders, coalitions, and the public about the importance of a diversified energy portfolio and how it can ensure an efficient, reliable, prosperous, and secure energy future. He also leverages his broad energy expertise as a spokesperson with local, state, and national media. Guith travels frequently to speak to stakeholder groups, raising awareness of the impact of policy decisions on America’s energy future and encouraging groups to share their perspectives with policymakers. In addition, he consults with state and local chambers of commerce and business groups, advising them how to quantify the importance of safe, reliable American energy to their businesses, as well as how to amplify that message when communicating with energy decision makers. Prior to joining the Chamber in 2008, Guith served as deputy assistant secretary for nuclear energy at the U.S. Department of Energy (DOE), where he developed the administration’s nuclear energy policies and coordinated the department’s interactions with C ongress, stakeholders, and the media. He was also deputy assistant secretary for congressional affairs at DOE and a chief representative of the administration during the drafting and debate of the Energy Policy Act of 2005. Earlier in his career, Guith s erved as Rep. Bob Barr’s (R -GA) legislative director and Rep. Tim Murphy’s (R -PA) counsel and policy adviser. He was also legislative counsel for the Environment, Technology & Regulatory Affairs at the U.S. Chamber of Commerce. Guith is a graduate of Syracuse University-College of Law and the University of California-Santa Barbara. 1615 H Street, NW Washington, DC 20062 The mission of the U.S. Chamber of Commerce’s Global Energy Institute is to unify policymakers, regulators, business leaders, and the American public behind a common sense energy strategy to help keep America secure, prosperous, and 202-463-5558 clean. Through policy development, education, and advocacy, the Institute is building support for meaningful action at the local, state, national, and international levels. @globalenergy globalenergyinstitute.org The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than facebook.com/globalenergyinstitute 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations. Rev. March 2017

U.S. Energy Policy: Progress & Warnings Ohio Energy Management Conference Columbus OH February 19, 2019 Christopher Guith Senior Vice President

Global View • Demand to increase 56% by 2040 • 90% in non‐OECD countries • Nuclear generation to increase 73% • 86% in non‐OECD countries • $38 trillion of new investment by 2035 to meet rising demand • 1.2 billion people without electricity

America’s Energy Advantage U.S Energy Demand Increases 6% through 2050 Renewables Increase 70%‐‐‐‐ Fossils 82% to 79% AEO 2019, 1‐12‐19

America’s Energy Advantage Stronger Largest producer of oil, natural gas, refined products, • and nuclear generation. 2 nd largest producer of wind, coal, and solar. • Largest liquid petroleum exporter • 3 rd largest natural gas exporter • Energy exports cut trade deficit $363B since 2008 • US exports displacing oil from OPEC and Russia • Insulating U.S. economy from price spikes • More that $200B invested in manufacturing •

America’s Energy Advantage • Crude production has increased 130% since 2009 to 11.5 MMb/d (~2 MMb/d Condensate). • That 6.5 MMb/d increase larger than output of all countries save Saudi Arabia and Russia. • U.S. Crude exports up from ~0 in 2015 to 2.3 MMb/d • U.S. Refinery throughput hit record 18 MMb/d in August 2018 (6 MMb/d for export) • Nat Gas Production at record 80 bcf/d

America’s Energy Advantage From Beggar t om Beggar to Patr Patron on AEO 2019, 1‐12‐19

America’s Energy Advantage Gas demand chasing seemingly limitless production in form of: • New natural gas power plants • Increased manufacturing demand • Ethane crackers, storage hub, petrochemical demand • Exports (NGLs/ethane, LNG)

America’s Energy Advantage Coal Production Decline Coal Production Decline AEO 2019, 1‐12‐19

Keep It In The Ground Keep It In the Ground Intensifies Intensifies No Fracking No No Exports No Mining No Power Pipelines Plants

Keep It In The Ground Keep It In the Ground Intensifies Intensifies • 15 Projects • $91 Billion in economic activity • 730,000 job opportunities • $20 billion in federal, state, and local government revenue

Progress Made • WOTUS WOTUS • Clean Power Plan/ACE Clean Power Plan/ACE • Methane NSPS Methane NSPS • New Source Review New Source Review • Coal Leasing Ban Coal Leasing Ban • Cost Benefit Analysis Cost Benefit Analysis • Fracking Rule Fracking Rule • Offshore Leasing Offshore Leasing

Progress Made GlobalEnergyInstitute.org/energy-tracker POTUS Level 10 Executive Orders 5 Presidential Memoranda 7 Public Laws Agency Activities 12 Regulatory/Policy Reforms initiated or under review 16 Reforms formally proposed 35 Reform actions finalized or completed 15 Actions in litigation

Policy Risks & Opportunities OPPOR OPPORTUNITIES UNITIES • Permitting Reform - Infrastructure • Energy Innovation R&D • Finalizing 28 pending regulatory actions RISKS • Pipeline Siting • Gas Distribution Standards

Policy Risks & Opportunities ADDITIONAL RISKS • Shutdowns • Policy Riders • Litigation • Elections • Mandates (Green New Deal)

America’s Energy Advantage Cleaner – Cleaner – Amer Americans think our icans think our envir environment is nment is getting wor getting worse • Per Perception of air qualit eption of air quality behind Bangladesh & Nepal y behind Bangladesh & Nepal •

America’s Energy EDGE Cleaner – Cleaner – The Greatest S he Greatest Stor ory Never T y Never Told ld

America’s Energy EDGE Cleaner – Cleaner – The Greatest S he Greatest Stor ory Never T y Never Told ld

America’s Energy EDGE Cleaner – Cleaner – The Greatest S he Greatest Stor ory Never T y Never Told ld

Thank You! GlobalEnergyInstitute.org @globalenergy