The Solution is Here. America has the energy resources, innovation, and skilled workforce to meet energy needs while continuing to reduce emissions. But we need the policies to make it happen. API has a plan to protect America from energy challenges together. It’s a plan in three parts – to Make, Move, and Improve American energy.
Make: America needs a five-year offshore leasing program and new onshore leases as well as fewer barriers for producing fuels. Ending restrictions could add 77k barrels of oil equivalent/day through 2035, according to a Rystad study.
Move: Current permitting policies are stalling vital infrastructure, with $157 billion in energy investment in the US economy awaiting approval. A two-year NEPA review limit could unleash needed infrastructure.
Improve: Reducing regulatory barriers will enable companies to accelerate carbon capture, utilization and storage (CCUS), hydrogen and cleaner transportation fuels.
America has the energy resources, innovation, and skilled workforce to meet energy needs while continuing to reduce emissions. But we need the policies to make it happen.
Just Released from AGA! 2023 Playbook: We are the Future of the Natural Gas Industry