|Industry Endorses Carbon Pricing; Supports Policies to Unleash Technology and Innovation
**API’s Mike Sommers to hold press conference call TODAY at 12:15 p.m. ET**
WASHINGTON, March 25, 2021 – The American Petroleum Institute (API) today released a robust policy framework of industry and government actions to address the risks of climate change while meeting the world’s long-term energy needs. Ahead of the 26th Conference of the Parties (COP26), API shared analysis, initiatives and policy solutions to build on the progress the U.S. has made in driving emissions to generational lows, including accelerating technology and innovation; further mitigating emissions from operations; endorsing a carbon price policy; advancing cleaner fuels and driving climate reporting.
Further Mitigate Emissions from Operations to accelerate environmental progress.
Endorse a Carbon Price Policy to drive economy-wide, market-based solutions.
Advance Cleaner Fuels to provide lower-carbon choices for consumers.
Drive Climate Reporting to provide consistency and transparency.
|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
March 26, 2021