Jason Lange
WASHINGTON - America's largest business lobby group warned the Obama administration on Tuesday against snuffing out the country's energy boom with regulations on new oil and natural gas drilling technologies.
U.S. Chamber of Commerce President Thomas Donohue said an Environmental Protection Agency (EPA) study due next year could be used to justify clamping down on drilling techniques that have sparked a surge in U.S. oil and natural gas output.
"This could short-circuit America's absolute explosion in energy opportunity that is creating millions of jobs," he told a meeting of business executives.
A major force in U.S. politics, the Chamber of Commerce is the biggest business lobbying group in the country and has been a steady critic of President Barack Obama.
In his comments, Donohue railed against the Obama administration's efforts to increase regulations on businesses and appealed to the media to get his message out that the rules were hurting the economy and "undermining freedom."
"They are costing jobs and growth in our country," he said.
Read the full article at Reuters.