The American Petroleum Institute (API) today released the following statement from Vice President of Upstream Policy Holly Hopkins in response to the Biden administration’s decision to cancel existing leases in Alaska's Arctic National Wildlife Refuge and remove more than 13 million acres from future production:
“Today’s announcement sets a concerning precedent for the future of oil and natural gas leasing, exploration and production on federal lands. This industry needs clear, consistent policies in place to support the long-term investment needed to produce affordable, reliable energy, but the Biden administration instead continues to send the wrong signals. We urge the administration to stand up for Alaskan communities and the economy by establishing a forward-looking vision for domestic energy production in the state and across the country.”
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.