API Statement on the Draft Inflation Reduction Act of 2022
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WASHINGTON, July 28, 2022 – The American Petroleum Institute (API) today released the following statement from Executive Vice President and Chief Advocacy Officer Amanda Eversole on the proposed Inflation Reduction Act of 2022:
“While there are some improved provisions in the spending package released last night, we oppose policies that increase taxes and discourage investment in America’s oil and natural gas."
API represents all segments of America’s natural gas and oil industry, which supports more than 11 million U.S. jobs and is backed by a growing grassroots movement of millions of Americans. Our nearly 600 members produce, process and distribute the majority of the nation’s energy, and participate in API Energy Excellence®, which is accelerating environmental and safety progress by fostering new technologies and transparent reporting. API was formed in 1919 as a standards-setting organization and has developed more than 700 standards to enhance operational and environmental safety, efficiency and sustainability.