|WASHINGTON, March 1, 2022 – Ahead of today’s State of the Union Address, American Petroleum Institute (API) President and CEO Mike Sommers sent a letter to Department of Energy (DOE) Secretary Jennifer Granholm and other administration officials outlining steps key regulatory agencies should take to ensure long-term American energy leadership and security at a time of increased geopolitical volatility.
“Recent developments illustrate the importance of the government working collaboratively with industry to ensure U.S. energy and economic security, as well as that of our allies in Europe and around the world,” API President and CEO Mike Sommers said. “Now more than ever, the administration should speak clearly and without equivocation that the United States will be a reliable producer and supplier of oil and natural gas to our allies around the world both now and in the future.”
The United States is now the world’s leading producer of oil and natural gas and exporter of liquefied natural gas (LNG). In fact, for a period last month, US LNG exports to Europe actually exceeded Russian pipeline deliveries. At the same time, in recent weeks, decisions across the administration, including at the Department of Energy (DOE), the Federal Energy Regulatory Commission (FERC), the Department of the Interior (DOI), Environmental Protection Agency (EPA), and other agencies, have introduced significant uncertainty that will negatively impact American energy investments.
“We commend the administration’s focus on addressing climate change and share the goal of reducing emissions across the economy, but we cannot let that objective detract from the clear and present need for continued responsible investment in oil and natural gas development,” Sommers continued.
In the letter, Sommers outlined a list of concrete policy solutions that the administration should immediately implement to ensure long-term American energy leadership and security.
API also submitted a letter to Secretary Deb Haaland seeking clarification on DOI’s response to Louisiana v. Biden regarding leasing and permitting delays and urging the department to prioritize and move forward with its statutory requirements to issue quarterly lease sales and issue a five-year plan for offshore development.
|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.
To learn more about API and the value of oil and natural gas, please visit API.org.
March 2, 2022