API comments on EPA’s Regulatory Reform proposal
The American Petroleum Institute (API) provided comments to the U.S. Environmental protection Agency in response to the EPA’s solicitation of input from the public to inform its Regulatory Reform Task Force’s evaluation of existing regulations.
Technological innovations and industry leadership have propelled the oil and gas industry forward, despite the unprecedented level of federal regulatory actions targeting our industry. Consistent with President Trump’s stated objectives of American energy independence and economic growth, EPA and other federal agencies should embrace and advance a regulatory system that promotes access to domestic oil and natural gas resources, streamlined permitting and cost-effective regulations. In 2011 and 2015, API supported EPA efforts to relieve the burdens imposed by its rules and the time has come to review those regulations and the additional requirements imposed by the previous Administration, while continuing to promote public health, safety and the environment as industry and citizens support.
America is now the world’s leading producer and refiner of oil and natural gas, a reality that was unimaginable just a decade ago. We’ve transitioned from an era of energy scarcity and dependence to one of energy abundance and security. The developments of the past decade have brought cost savings for American consumers, good paying jobs, renewed opportunities for U.S. manufacturing, a stronger economy and greater national security. Record U.S. production and refining is happening alongside greater environmental progress: CO2 from power generation is down to near-30 year lows, thanks in large part to greater use of natural gas.
We look forward to further working with Administrator Pruitt, EPA leadership and staff on these and other rules. Federal regulatory policy can either strengthen or weaken the U.S. energy renaissance, with impacts that extend far beyond our industry. Regulatory actions should be rooted in sound science and data, with a consideration of the costs and benefits, while protecting public health and the environment. With these goals in mind, we stand ready to work with EPA and the rest of the Administration to find reasonable solutions to the challenges before us.
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