The American Petroleum Institute (API) President and CEO Mike Sommers recently co-headlined the annual State of American Energy event with other API leadership, industry engineers, and innovators.
Sommers urged the Biden administration and Congress to adopt policies that strengthen American energy leadership while reducing emissions.
The policies should encourage the development of responsibly produced domestic energy and address climate change, as well as provide certainty, unleash private investment, and build on industry technological progress, Sommers said.
Technology is causing the industry to evolve and transition, he said, and this makes a lower-carbon future a reality.
“In so many ways, the state of American energy is strong,” Sommers said. “Our nation has the resources and expertise it takes to meet our energy needs, support millions of jobs, continue to address the risks of climate change and keep America free from the dangers of dependence on unreliable foreign sources. Even so, we begin 2022 with Americans viewing energy and its costs as major concerns. This is in part because lately, we’ve seen policies aimed at restricting production and delivery of U.S. natural gas and oil.”
Founded in 1919 as a standards-setting organization, API represents the U.S. natural gas and oil industry. It has nearly 600 members.