The American Petroleum Institute issued the following statement from Senior Vice President for Policy, Economics and Regulatory Affairs Frank Macchiarola regarding the bipartisan infrastructure bill ahead of an anticipated vote this week in the Senate.
“We are encouraged that the Senate’s proposal recognizes the importance of energy infrastructure for American families and businesses. Specifically, this agreement contains key support for the development of innovative technologies, like carbon capture and hydrogen, that will help achieve climate progress. We will continue to work with members of both parties on modernizing the nation’s infrastructure and meeting the increasing demand for affordable, reliable and more sustainable energy.”
API represents all segments of America’s natural gas and oil industry, which supports more than 11 million U.S. jobs and is backed by a growing grassroots movement of millions of Americans. Our 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 700 standards to enhance operational and environmental safety, efficiency and sustainability.