API supports introduction of the North American Energy Infrastructure Act

The American Petroleum Institute strongly supports the Senate introduction of the North American Energy Infrastructure Act, a companion to H.R. 3301, which would improve the approval process for cross-border energy projects. API Group Director, Downstream and Industry Operations, Bob Greco said the dysfunctional permitting process for energy projects is hurting the USA’s economy and national security.

“Government roadblocks to building infrastructure could harm our current energy revolution,” said Greco. “We need to fully embrace our thriving North American energy renaissance by building the infrastructure to transport needed energy to American consumers.”

API thanked Senators John Hoeven (R- N.D.), Joe Donnelly (D- Ind.), Lisa Murkowski (R-Alaska) and Joe Manchin (D- W.Va.) for their leadership in trying to implement a transparent, modern and standardised permitting process for all energy projects that cross US borders.

“This bill is another great example that energy is not a partisan issue. Responsible North American made energy is something everyone can support. We can be an energy super power, but we need to build a modern infrastructure system to reach that goal.

“While we need a consistent and robust regulatory process, it must be fair and be aligned with today’s energy realities. Unnecessary regulatory burdens on America’s energy development will stifle investment, harm our economy, and weaken our national security,” said Greco.

API represents all segments of America’s oil and natural gas industry. Its more than 600 members produce, process and distribute most of the nation’s energy. The industry also supports 9.8 million US jobs and 8% of the US economy.

Adapted from press release by Rosalie Starling

Read the article online at: https://www.worldpipelines.com/business-news/17092014/api-supports-introduction-of-the-north-american-energy-infrastructure-act-824/