WASHINGTON, July 23, 2014 – The American Petroleum Institute will review the regulations proposed by the Department of Transportation today for the shipment by rail of crude oil, ethanol and other flammable liquids and plans to submit detailed comments during the public comment period.
“Every decision in the oil and natural gas industry begins with our core value of safety, which we approach with a foundation grounded in science and data,” said API President and CEO Jack Gerard. “Knowing that more can always be done, our focus is and always has been on enhancing safety by addressing accident prevention, mitigation and response in a comprehensive manner.
“The government can and should take steps to ensure greater safety without stalling the energy renaissance that is creating good jobs, growing our economy and improving America’s energy security. As the regulatory process moves forward, we will continue to work collaboratively with the rail industry, regulators and local first responders toward our goal of zero incidents.”
API represents all segments of America’s oil and natural gas industry. Its more than 600 members produce, process, and distribute most of the nation’s energy. The industry also supports 9.8 million U.S. jobs and 8 percent of the U.S. economy.