API statement on letters supporting resolution against EPA ghg regulation

WASHINGTON, March 10, 2010 – The American Petroleum Institute released the following statement today on two letters (one from 20 governors; the other from 98 business groups) asking Congress to prevent the U.S. Environmental Protection Agency (EPA) from issuing greenhouse gas emission rules:

"The letters indicate broad-based, growing concern from both state governments and business and industry about the potentially severe adverse impacts of the proposed regulations. The new EPA greenhouse gas rules would discourage investments in domestic oil and natural gas projects, harm job creation in the industry, limit U.S. energy production, and increase import dependence, but their reach would go far beyond energy. In every part of the nation, they could delay business expansion and new jobs, throw state economies into slow motion, inundate state agencies with added permitting work, and worsen state budget woes. The Clean Air Act was meant to control traditional air pollutants, not greenhouse gas emissions that come from every vehicle, home, factory and farm in America. A fit-for-purpose climate law is a much-preferred solution to addressing the climate challenge."

Please see the two letters sent to Congress below:

Updated: March 10, 2010