WASHINGTON, May 10, 2012 – API welcomed White House plans to eliminate unnecessary regulations that are costing American jobs and harming our economy, including the elimination of unnecessary vapor recovery systems at gasoline pumps, but urged the administration to eliminate upcoming greenhouse gas, tier III and PM NAAQS regulations that would be even more burdensome.
“The administration is taking steps in the right direction by eliminating regulations that needlessly harm the economy and jobs,” said Howard Feldman, API director of regulatory and scientific affairs. “However, there are even bigger threats to the economy such as EPA’s imposition of greenhouse gas emissions standards for refineries, further reduction in gasoline sulfur levels, and tightening of the already protective fine particle air quality standards. We urge the White House to eliminate them. Air quality continues to improve dramatically.”
Click here for the full list of suggestions API submitted to EPA and here for suggestions to DOI.
API represents more than 500 oil and natural gas companies, leaders of a technology-driven industry that supplies most of America's energy, supports 9.2 million U.S. jobs and 7.7 percent of the U.S. economy, delivers more than $86 million a day in revenue to our government, and, since 2000, has invested more than $2 trillion in U.S. capital projects to advance all forms of energy, including alternatives.