UPDATED TIME: U.S. Chamber's Energy Institute to Host Call on Economic Consequences of Proposed Energy Taxes

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Sep 21, 2010, 05:46 ET

****UPDATED TO NEW 10:00 AM EDT CALL TIME****

Recently Released IHS CERA Study Finds Current Tax System and New Proposals

Put U.S. Energy Companies at Competitive Disadvantage

WASHINGTON, Sept. 21 /PRNewswire-USNewswire/ -- On Wednesday, September 22 at 10:00 a.m. Eastern, Karen Harbert, president and CEO of the U.S. Chamber's Institute for 21st Century Energy, will host a conference call to discuss the potential economic consequences of tax increases on the U.S. energy industry currently being proposed by Obama administration and some Members of Congress.

Harbert will moderate the call and discuss the impact that new taxes would have on the U.S. energy sector and the more than 9 million U.S. jobs it supports. Joining her will be IHS CERA Chairman Daniel Yergin and Chief Energy Strategist David Hobbs, authors of the newly released report -- Fiscal Fitness: How Taxes at Home Help Determine Competiveness Abroad. The report examines the tax policies of the 10 countries that are home to the largest international oil companies and finds the United States ranks near the bottom as a home base for overseas oil and gas investment.

Additionally, Pam Olson, tax partner at Skadden, Arps and former assistant secretary for tax policy at the U.S. Department of Treasury will be on the call to provide additional analysis of the tax code and the impact of the proposed tax increases.

WHO:	Karen Harbert, President and CEO of the Institute for 21st Century Energy
	Daniel Yergin, Chairman of IHS Cambridge Energy Research Associates
	David Hobbs, Chief Energy Strategist for IHS Cambridge Energy Research Associates
	Pam Olson, Tax Partner at Skadden, Arps; and Former Assistant Secretary for Tax Policy at the U.S. Department of the Treasury
WHAT:	Conference call with reporters to discuss proposed energy taxes
WHEN:	Wednesday, September 22 at 10:00 a.m. EDT
RSVP:	Credentialed members of the media are invited to attend. To register, email [email protected] or call 202-463-5945. For more information about the forum, visit www.energyxxi.org.

The mission of the U.S. Chamber of Commerce's Institute for 21st Century Energy is to unify policymakers, regulators, business leaders, and the American public behind a common sense energy strategy to help keep America secure, prosperous, and clean. Through policy development, education, and advocacy, the Institute is building support for meaningful action at the local, state, national, and international levels.

The U.S. Chamber of Commerce is the world's largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations.

www.uschamber.com

www.chamberpost.com

SOURCE Institute for 21st Century Energy