|WASHINGTON, April 15, 2021 – The American Petroleum Institute (API) today submitted comments to the U.S. Department of Interior (DOI) on the importance of continued natural gas and oil leasing and development on federal lands and waters for U.S. economic growth and climate progress. API Vice President of Upstream Policy Kevin O’Scannlain urged Interior Secretary Deb Haaland to account for the economic and environmental benefits that federal natural gas and oil production provides to local communities and the entire country during the department’s review of the program and expeditiously lift the federal leasing pause.
To ensure the benefits and revenues provided by federal natural gas and oil production remain steady and strong, O’Scannlain stated, “DOI policy decisions must balance many factors, including setting royalty rates and other revenue producing charges at levels that will continue to attract the investments needed to produce domestic oil and natural gas on federal lands and waters.”
|API represents all segments of America’s natural gas and oil industry, which supports more than ten million U.S. jobs and is backed by a growing grassroots movement of millions of Americans. Our 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.
April 16, 2021