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Institute for Energy Research
| Institute for Energy Research | |
 | |
| Basic facts | |
| Location: | Washington, D.C. |
| Type: | 501(c)(3) |
| Year founded: | 1989 |
| Website: | Official website |
Institute for Energy Research is a 501(c)(3) nonprofit organization headquartered in Washington, D.C.[1] The group does analysis and research pertaining to "the functions, operations, and government regulation of global energy markets."[2]
Mission
Institute for Energy Research[2]
| “ | is a not-for-profit organization that conducts intensive research and analysis on the functions, operations, and government regulation of global energy markets. IER maintains that freely-functioning energy markets provide the most efficient and effective solutions to today’s global energy and environmental challenges and, as such, are critical to the well-being of individuals and society.[3] | ” |
Background
Institute for Energy Research was founded in 1989 and its Primary function is to provide analysis on global energy markets, covering topics that range from carbon taxes to nuclear energy.[2][4]
The group’s research is based on five principles:[2]
| “ | Free markets: History shows that private property rights, market exchange, and the rule of law have resulted in affordable energy, improved living standards and a cleaner environment.
Objective science: Public policy, particularly in the environmental area, should be based on objective science, not emotion or improbable scenarios that invite wealth-reducing government activism, which often impairs society’s resilience to change. Public policy tradeoffs: Policies that attempt to correct “market failure” in energy markets must be tempered with the reality of “government failure.” It is inappropriate to compare idealized government actions with real-world market outcomes. Government policies are implemented by politicians and bureaucracies, not by unbiased and informed academics. Efficient outcomes: The welfare of energy consumers, energy producers, and taxpayers can and should be considered together. Impartial and unbiased: Government policies should be predictable, simple, and technology neutral. This approach will spur capital formation in the energy industry and promote technological innovation.[3] |
” |
IER also provides educational resources like the Federal Energy Spending Tracker, a database that “contains the most significant forms of federal subsidies for energy producers and energy products.” [2] The group also has an affiliated 501(c)(4) advocacy organization called American Energy Alliance to support its work (see affiliated program section).[5]
Leadership
Below is a list of Institute for Energy Research's board of directors:[6]
- Jim Clarkson, (President, Resource Supply Management)
- Steven F. Hayward, (Visiting Professor at Pepperdine University’s School of Public Policy and the author of the “Almanac of Environmental Trends” (Pacific Research Institute, 2011))
- Preston Marshall, (President, MarOpCo)
- Wayne Gable, (President, Gable Consulting)
- Robert L. Testwuide III, CFP (Vice President, Wealth Management Advisor, Merrill Lynch)
- Richard Stroup, Ph.D., (Senior Visiting Professor of Economics, North Carolina State University)
Finances
Below is a breakdown of Institute for Energy Research's revenue (from contributions and grants and program services) and expenses for the 2011-2013 fiscal years:[1][7][8]
| Annual revenue and expenses for Institute for Energy Research, 2011-2013 | ||
|---|---|---|
| Tax Year | Total Revenue | Total Expenses |
| 2013 | $1,586,020 | $2,297,821 |
| 2012 | $1,987,596 | $2,069,661 |
| 2011 | $3,643,846 | $1,934,408 |
Affiliated program
Institute for Energy Research has a separate 501(c)(4) organization that supports its work, American Energy Alliance. The group's mission addresses the following:[9]
| “ | to enlist and empower energy consumers to encourage policymakers to support free market policies. These policies lead to abundant, affordable, and reliable energy for all Americans.[3] | ” |
Recent news
The link below is to the most recent stories in a Google news search for the terms Institute for Energy Research. These results are automatically generated from Google. Ballotpedia does not curate or endorse these articles.
See also
External links
- Institute for Energy website
- Institute for Energy Facebook
- Institute for Energy Twitter
- Institute for Energy YouTube
Footnotes
- ↑ 1.0 1.1 Guidestar, "2013 IRS Tax Form 990," accessed October 7, 2015
- ↑ 2.0 2.1 2.2 2.3 2.4 Institute for Energy Research, "About Us," accessed October 7, 2015
- ↑ 3.0 3.1 3.2 Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ ‘’Institute for Energy Research’’, “Topics,” accessed October 7, 2015
- ↑ American Energy Alliance, "About the AEA," accessed October 7, 2015
- ↑ Institute for Energy Research, "Board of Directors," accessed October 7, 2015
- ↑ Guidestar, "2012 IRS Tax Form 990," accessed October 7, 2015
- ↑ Guidestar, "2011 IRS Tax Form 990," accessed October 7, 2015
- ↑ American Energy Alliance, "Mission Statement," accessed October 8, 2015
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