Washington – EPA’s refinery rule proposed today comes with a high price tag but uncertain environmental benefits while emissions continue to fall under existing regulations, according to API Director of Regulatory and Scientific Affairs Howard Feldman:
“With this proposal, EPA adds to the list of new regulations impacting refineries that come with enormous costs but questionable environmental benefits. This rule is intended to evaluate what risk, if any, is posed to the public from refinery emissions. But EPA has already concluded the risks associated with refinery emissions are low and the public is protected with an ample margin of safety. America’s refineries have been reducing emissions for decades and will continue reducing emissions under existing regulations while making the cleanest fuels and helping to improve air quality.”
API is the only national trade association representing all facets of the oil and natural gas industry, which supports 9.8 million U.S. jobs and 8 percent of the U.S. economy. API’s more than 600 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 20 million Americans.
SOURCE: American Petroleum Institute