API welcomed the Senate’s bipartisan action to approve the Water Resources Development Act (WRDA), as the bill will put in place the necessary resources aimed at improving the integrity and safety of the nation’s ports and harbours.
“Our nation is leading the world in the production of oil and natural gas and in the reduction of carbon emissions which are near 20 year lows. In order for this leadership to continue, we need strong energy infrastructure,” said API Executive Vice President Louis Finkel. “This bill, aimed at maintaining and improving the safety of our nation’s ports and harbours, will help ensure that our nation’s energy renaissance continues to provide benefits to American consumers while taking steps to improve the environment.”
The Water Resources Development Act would ensure that the Harbour Maintenance Trust Fund has the resources needed to maintain our nation’s ports and harbours; approximately 40% of all goods moved on the nation's waterways are crude oil or petroleum products.
Adapted from press release by Rosalie Starling
Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/16092016/us-senate-takes-action-to-approve-water-resources-development-act-4096/