API President and CEO, Jack Gerard, welcomed a letter signed by over 50 members of the US House of Representatives to US Trade Representative Lighthizer, recognising the benefits of North American energy markets to American consumers and businesses in response to the administration’s plan to renegotiate the North American Free Trade Agreement (NAFTA).
“North American energy markets are highly integrated and interdependent, and we are pleased that members of both parties in the House recognise the many benefits these energy markets provide for the US economy and consumers,” said Gerard. “Energy market integration also enhances US energy security by enabling North American energy self-sufficiency and supports markets for the hundreds of billions invested every year in the production and transport of US oil, natural gas and petroleum products.
“NAFTA has played a critical role facilitating North American energy self-sufficiency by facilitating cross-border trade and investment in energy, supporting millions of US jobs in the oil and natural gas industry. We look forward to continuing our work with the administration and Congress on forward-looking energy policies that protect American energy consumers.”
The letter was led by US Representatives Tom Reed (R-NY) and Terri Sewell (D-AL).
Read the article online at: https://www.worldpipelines.com/business-news/31052017/api-welcomes-us-house-of-representatives-support-of-north-american-energy-markets/