API Applauds Bipartisan Debt Ceiling Agreement, Important Progress On Permitting Reform

American Petroleum Institute (API) President and CEO Mike Sommers released the following statement after Congress and the Biden administration reached a bipartisan agreement to raise the nation’s debt ceiling that includes important progress on permitting reform:

“We applaud Congress and the Biden administration for reaching a bipartisan agreement that includes important progress on permitting reform. Our current system for reviewing the infrastructure projects that fuel our economy and support our way of life did not become an endless gauntlet of bureaucratic hurdles overnight, and it will take more than one step to develop a workable process. This is a positive start, and we look forward to continuing to work with policymakers on both sides of the aisle to pass this agreement and build on this progress.”

API represents all segments of America’s natural gas and oil industry, which supports nearly 11 million U.S. jobs and is backed by a growing grassroots movement of millions of Americans. Our approximately 600 members produce, process and distribute the majority of the nation’s energy, and participate in API Energy Excellence, which is accelerating environmental and safety progress by fostering new technologies and transparent reporting. API was formed in 1919 as a standards-setting organization and has developed more than 800 standards to enhance operational and environmental safety, efficiency and sustainability.