API Statement on Confirmation of Scott Bessent as Treasury Secretary
202.682.8114 | press@api.org
WASHINGTON, January 27, 2025 – American Petroleum Institute (API) President and CEO Mike Sommers issued the following statement on the Senate’s confirmation of Scott Bessent to lead the U.S. Department of the Treasury.
"Scott Bessent’s deep experience with financial markets makes him an effective choice for Treasury Secretary as he helps strengthen American global competitiveness. We look forward to working with him to advance a pro-growth tax code that unlocks investment in American-made energy.”
API represents all segments of America’s natural gas and oil industry, which supports nearly 11 million U.S. jobs and is backed by a growing grassroots movement of millions of Americans. Our approximately 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 800 standards to enhance operational and environmental safety, efficiency and sustainability.
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