API Statement On COP28 Agreement

The American Petroleum Institute (API) today released the following statement from Senior Vice President of Policy, Economics and Regulatory Affairs Dustin Meyer in response to the COP28 final agreement.

“Demand for affordable, reliable energy will continue to rise as global population increases, and the world will need more sources of energy, not fewer. The U.S. has led the world in both production gains and emissions reductions, and our industry is focused on building on this progress by accelerating innovation, advancing smart policies and investing in low-carbon technologies. We’re committed to working with policymakers on solutions that keep all options on the table – from renewables to oil and natural gas – and advance our shared goal for a cleaner, more secure energy future.”

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 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.