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API comments on regulatory system

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Hydrocarbon Engineering,

The American Petroleum Institute (API) has released a statement urging the US Environmental Protection Agency (EPA) to adopt a regulatory system that enhances safety and protects the environment while prioritising the production and refining of US oil and natural gas.

The comments are part of the agency’s solicitation of input from the public to inform its Regulatory Reform Task Force's evaluation of existing regulations.

API Senior Director of Regulatory and Scientific Affairs, Howard Feldman, said: “We share the government’s goal of enhancing safety and protecting the environment while producing and refining more natural gas and oil here at home […] Technological innovations and industry leadership have propelled the natural gas and oil industry and benefited American consumers with lower prices despite the unprecedented level of federal regulatory actions targeting our industry.

“Consistent with President Trump’s stated objectives of American energy leadership and economic growth, EPA and other federal agencies should embrace and advance a regulatory system that promotes responsible access to domestic oil and natural gas resources, streamlined permitting and cost-effective regulations based on sound science.”

The API notes that record US production and refining is happening alongside greater environmental progress. For instance, CO2 from power generation is down to near 30-year lows, thanks in large part to greater use of natural gas. Energy abundance has also helped cut energy and material costs for AUS manufacturers and is helping to attract manufacturing back to the country.

Feldman added: “API will continue to work closely with the administration to ensure that strong regulations and industry best practices continue to support improvements to safety and environmental protection […] We rely upon a cost-effective regulatory system that provides certainty and predictability necessary for the massive capital investments our industry must make.”

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