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API Statement On IEA Report On Pathway To Net-Zero By 2050


API Statement On IEA Report On Pathway To Net-Zero By 2050
The American Petroleum Institute today issued the following statement from Vice President of Corporate Policy Stephen Comstock in response to the International Energy Agency’s (IEA) report on a pathway to achieving net-zero emissions by 2050.
“As laid out in our Climate Action Framework, the industry shares the goal for a lower carbon future, and its engineers and scientists are partnering with experts across the world on a host of advanced technologies like CCUS, hydrogen and cleaner fuels to ensure a cleaner energy future. As policymakers consider climate targets, it is essential to implement effective and achievable measures that drive further emissions reductions while at the same time, ensuring adequate affordable and reliable energy to meet growing global needs. Scenarios where demand is projected to outstrip supply could deepen energy poverty, and stifle innovation and progress. ....

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API Statement On CCUS And PHMSA Provisions In Omnibus Package


API Statement On CCUS And PHMSA Provisions In Omnibus Package
The American Petroleum Institute (API) today applauded several provisions included in the omnibus spending bill passed by Congress and urged the president to swiftly sign the package into law.
Several of the provisions included were from Chairman Murkowski’s American Energy Innovation Act, including aspects of two bipartisan bills to encourage the development of carbon capture, utilization and storage (CCUS).
“API is pleased that the bipartisan USE IT Act and key provisions of the LEADING Act have passed the Senate as part of the omnibus package. We commend the bipartisan group of lawmakers who have moved this legislation one step closer to becoming law and who understand the important role of advancing innovation and technology in addressing the risks of climate change,” API Vice President of Corporate Policy Stephen Comstock said. “We urge the president to swiftly sign this bill into law, and we en ....

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