API CEO MIKE SOMMERS DISCUSSES THE IMPORTANCE OF H.R. 1 FOR PERMITTING REFORM

By Subcontractors USA News Provider

American Petroleum Institute (API) President and CEO Mike Sommers today sent a letter to House Speaker Kevin McCarthy and House Democratic Leader Hakeem Jeffries expressing API’s support for H.R. 1, the Lower Energy Costs Act, a bipartisan proposal that could help strengthen America’s energy security and ensure meaningful action on permitting reform.

“Real, lasting change comes from bipartisan, commonsense, economically-sound solutions. We all share the common goals of providing reliable energy to Americans; enhancing our energy security; cementing our energy independence for years to come; and making energy safer, cleaner, and more affordable,” Sommers writes. “API and our members are encouraged by this Congress' efforts to enact such change, which will make a measurable and meaningful impact in the lives of many. We look forward to continuing to collaborate on solutions that make a difference and commend this exciting step toward enacting permitting reform this year.”

McCarthy and Jefferies’ letter on behalf of API’s energy focus included,

“One particular focus of API and our members is enacting serious, bipartisan permitting reform. Too many projects have been scuttled because of onerous regulations and uncertainty. The delays and denials of permits, stemming from lengthy regulatory reviews and drawn-out judicial proceedings, have stifled needed investments and increased costs,” they said in statement.

Modern infrastructure can ensure energy remains reliable and affordable for American consumers; create good-paying jobs; give U.S. manufacturers a competitive advance through lower energy and raw material costs; and provide revenue to local, state, and federal governments. Permitting reform not only supports our ability to increase oil and natural gas production safely and effectively but could also allow renewable and other infrastructure projects to move forward instead of languishing in a regulatory maze.

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 approximately 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 800 standards to enhance operational and environmental safety, efficiency and sustainability.

Source: API.org

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