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API statement on implementation of the USMCA

WASHINGTON, July 1, 2020 – The American Petroleum Institute (API) today welcomed the implementation of the U.S.-Mexico-Canada Agreement (USMCA), which will bolster U.S. energy leadership while benefiting American workers and consumers.

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API testifies to EPA on importance of consistency and greater transparency in rulemaking

WASHINGTON, July 1, 2020 – API today testified during the EPA’s hearing on the proposed rule “Increasing Consistency in Considering Benefits and Costs in the Clean Air Act Rulemaking Process.” API supports this proposal to provide consistency and greater transparency in analyzing the benefits and costs of proposed rules, which would ensure that the agency provides clarity in how new regulations will benefit the public, industry and all stakeholders.

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API statement on climate proposal from House Select Committee

WASHINGTON, June 30, 2020 – API today released the following statement responding to the House Select Committee’s climate plan.

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API’s May Monthly Statistical Report shows signs of recovery following gradual reopening of state economies

WASHINGTON, June 18, 2020 – The gradual reopening of state economies drove a notable rebound in U.S. energy markets in the month of May with U.S. petroleum demand increasing 14 percent to 16.2 million barrels per day (mb/d), according to data released today in the American Petroleum Institute’s May 2020 Monthly Statistical Report (MSR) and Q2 2020 Industry Outlook. Motor gasoline accounted for more than 80 percent of the demand increase with monthly deliveries surging nearly 29 percent to 7.3 mb/d after reaching a multi-decade low in April. Demand for distillate fuel and liquid feedstocks also notched monthly increases, while jet fuel posted its fifth consecutive monthly decline and reached its lowest level since 1967.

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Nearly $2 billion in natural gas revenues generated from existing impact taxes in Pennsylvania

HARRISBURG, June 17, 2020 – API-PA Executive Director Stephanie Catarino Wissman welcomed today’s report by the Public Utility Commission showing community and municipal disbursements and revenues received through the taxation of Pennsylvania’s natural gas industry totaled $200,364,500 for the 2019 reporting year.

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Oil and natural gas revenues are critical for America’s largest federal conservation program

WASHINGTON, June 17, 2020 – The American Petroleum Institute today released the following statement regarding bipartisan passage of the Great American Outdoors Act, which would provide permanent, dedicated funding for the Land and Water Conservation Fund (LWCF) – as well as funding to address the estimated $22 billion maintenance backlog of the National Park Service, the U.S. Fish and Wildlife Service, the Bureau of Land Management, the Forest Service and the Bureau of Indian Education.

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API testifies to Senate on COVID-19 impact on natural gas and oil sector, discusses long-term industry outlook

WASHINGTON, June 16, 2020 — API today testified before the Senate Committee on Energy and Natural Resources and discussed the challenges facing the U.S. natural gas and oil sector during the COVID-19 pandemic and the industry’s role in the economic recovery.

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API statement on EPA considering benefits and costs in Clean Air Act rulemaking

WASHINGTON, June 4, 2020 – API today released the following statement on the Environmental Protection Agency’s (EPA) proposed rule on “Increasing Consistency and Transparency in Considering Benefits and Costs in the Clean Air Act Rulemaking Process.”

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API supports final rulemaking for water quality certifications

WASHINGTON, June 1, 2020—API today released the following statement in response to the Environmental Protection Agency’s (EPA) final rulemaking for Section 401 of the Clean Water Act (CWA).

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