The council supports ending the ban on crude oil exports and a flexible approach to the regulation of greenhouse gases.
Seed money for the Council was provided by the Weyerhaeuser Company, a logging concern, and the National Forest Products Association; timber firms were at that time particularly affected by the capital gains tax.
That year, the ACCF set up a meeting between William A. Steiger, a Wisconsin congressman, and Ed Zschau, an electronics entrepreneur from California.
[12] The tax cut bill (the Revenue Act of 1978) passed the House of Representatives by a vote of 362-49[13] and was signed into law by President Carter.
"[17] While the ACCF is skeptical of climate policies and regulations that impose significant costs on the U.S. economy, the Council does not reject climate-related science.
This bill would have reversed a Supreme Court ruling that the Environmental Protection Agency has authority to regulate greenhouse gas emissions.
[7] In 2017, ACCF’s Vice President of Policy and General Counsel, Timothy M. Doyle released a paper criticizing New York City's decision to divest $5 billion of its pension fund from fossil fuels.
In 2015, Banks wrote, "Some people, particularly environmentalists, will claim that the United States should not export fossil energy because of climate mitigation concerns.
"[20] In 2018, Timothy M. Doyle, Vice President of Policy and General Counsel of the ACCF, released a report criticizing the growing role of proxy advisers in finance and supporting bipartisan legislation requiring them to register with the Securities and Exchange Commission and disclose conflicts of interest.
He served the administration of President Richard M. Nixon as undersecretary of the treasury from 1969 to 1972 and as deputy secretary of the same department in 1973 under John Connally.
[25] Walker and Bloomfield later co-authored the book Intellectual Property Rights and Capital Formation in the Next Decade (University Press of America, 1988).
[30] In 2021, ACCF announced that former Congressman Bill Flores (R-TX)[31] and former Senator Mark Pryor (D-AR)[32] would join its board of directors.