News

WASHINGTON, May 29, 2009 - American Petroleum Institute President Jack Gerard issued the following statement on the draft House Natural Resources bill, which would among other things, shorten initial onshore lease terms from 10 to five years, raise onshore royalty rates to 18.75 percent, add layers of complex and redundant planning, and impose new fees on non-producing leases.

WASHINGTON, May 21, 2009 – The American Petroleum Institute issued the following statement today from President Jack Gerard on approval by the House Energy and Commerce Committee of the Waxman-Markey cap-and-trade proposal:

American Petroleum Institute President Jack Gerard issued statement on the decision by the Obama administration to uphold the Section 4(d) rule for protecting the polar bear under the Endangered Species Act (ESA).

Bill includes provisions to expand access to previously off-limits offshore areas.

WASHINGTON - American Petroleum Institute President Jack Gerard issued the following statement on API’s decision to seek rehearing of a U.S. Appellate Court panel’s decision remanding and vacating the Department of Interior’s 2007-2012 Five-Year Outer Continental Shelf leasing plan. API on May 12 asked the court to change the remedy from “vacate and remand” to “remand.” The Interior Department has sought similar relief from the court.

WASHINGTON, May 15, 2009 - The American Petroleum Institute issued the following statement today from President Jack Gerard regarding the Waxman-Markey cap-and-trade proposal:

WASHINGTON, April 17, 2009 - The American Petroleum Institute issued the following statement:

"The American Petroleum Institute is reviewing the implications of the federal appeal court’s decision vacating and remanding the 2007-2012 five-year leasing program.