The API has urged US policy makers to consider the proven environmental and economic benefits of America’s oil and natural gas industry when weighing the risks claimed by opponents of US energy production.
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API President and CEO, Jack Gerard, said, ‘it is no coincidence that US carbon emissions have dropped to near 20 year lows, while US shale gas production had quadrupled since 2008. America’s oil and natural gas industry has led an energy renaissance that is helping to grow the economy, create jobs, and provide environmental benefits.
‘America is now the world’s leading producer of clean burning natural gas, demonstrating that economic prosperity and environmental progress are not mutually exclusive. In fact, from 2000 to 2012, America’s oil and natural gas industry invested more in zero and low emissions technologies than the federal government and nearly as much as all other industries combined. These research and development efforts drive America’s competitiveness and could produce technologies that will change the energy landscape across markets and geography. But America’s success as an energy superpower depends on an all of the above strategy, where science and free markets determine investments, not politics and ideology.’
Adapted from press release by Claira Lloyd