API Issues Statement on Biden’s Executive Orders
“President Biden takes office at a time when the U.S. leads the world both in energy production and environmental performance. This president inherits a strong American energy picture—marked by low household energy costs, record emissions reductions and less reliance on foreign energy.
Accelerating America’s energy and environmental progress and enabling the nation’s economic recovery will require sound and effective regulatory and other policies that protect access to affordable, reliable, and cleaner energy produced in the United States.
“We share President Biden’s goal of leadership in addressing climate change, and we have long held that any action must be global in nature. That’s why we support the ambitions of the Paris Agreement, including global action to reduce greenhouse emissions and alleviate poverty around the globe. Models show this agreement between nations cannot be achieved without access to natural gas, and that’s why we will continue to advocate for expanded U.S. LNG exports as a path to transition countries toward cleaner fuels while ensuring millions of people in developing nations have access to electricity.
“On the other hand, revoking the Keystone XL pipeline is a significant step backwards both for environmental progress and our economic recovery. Pipelines are the safest, most environmentally friendly way to transport energy, and the economy cannot recover at full speed unless we deliver reliable energy from where it is to where it is needed. The Keystone XL Pipeline has been through more than 10 years of extensive environmental reviews, and today’s announcement is a slap in the face to the thousands of union workers who are already a part of this safe and sustainable project. This misguided move will hamper America’s economic recovery, undermine North American energy security and strain relations with one of America’s greatest allies.
“With smart regulations, we can continue to meet our shared goals of reducing emissions, protecting public health and developing affordable, reliable and cleaner energy. We will work closely with the Biden administration as it conducts regulatory reviews that may impact our industry.”
API represents all segments of America’s natural gas and oil industry, which supports more than 10 million U.S. jobs and is backed by a growing grassroots movement of millions of Americans. Its 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.
Source: The Weekly Propane Newsletter, January 28, 2021. Weekly Propane Newsletter subscribers receive all the latest posted and spot prices from major terminals and refineries around the U.S. delivered to inboxes every week. Receive a center spread of posted prices with hundreds of postings updated each week, along with market analysis, insightful commentary, and much more not found elsewhere.
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