API reviewing EPA’s GHG reporting rule requirements for petroleum and natural gas industries

WASHINGTON, November 9, 2010 – API’s Director of Regulatory and Scientific Affairs, Howard Feldman, issued the following statement regarding EPA’s final rule on greenhouse gas reporting requirements for the petroleum and natural gas industries:

“We are looking over the EPA’s final rule on greenhouse gas (GHG) reporting requirements for the petroleum and natural gas industries to see whether it addresses the concerns we raised during the rulemaking process. As proposed, this rule would have defined ‘facility’ in an unworkable manner and imposed unreasonable reporting obligations on tens of thousands of oil and gas operations."

“API has long held the view that the EPA should defer undertaking regulation of stationary source greenhouse gas emissions until Congress addresses the issue. Climate change is a serious issue, and it needs to be addressed by Congress guided by the input of other elected officials and the American people.”

API represents more than 400 oil and natural gas companies, leaders of a technology-driven industry that supplies most of America's energy, supports more than 9.2 million U.S. jobs and 7.5 percent of the U.S. economy, and, since 2000, has invested nearly $2 trillion in U.S. capital projects to advance all forms of energy, including alternatives, while reducing the industry's environmental footprint.

Updated: November 9, 2010