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The International Energy Agency (IEA) turns 50 this year. Doubtless there will be champagne-infused celebrations at its Paris headquarters. But on this side of the Atlantic, it’s past time for the United States, the biggest source of that agency’s funding, to rethink the IEA’s role. To be blunt: the U.S. should suspend payments to the IEA until it has been restructured in a fashion suitable for the times. There’s plenty of precedent for such an action, from both sides of the aisle.
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