API CEO: Punitive energy policies undercut energy security

2021-09-24

The natural gas tax included in the budget reconciliation bill and other energy policies that unfairly target the gas and oil industry threaten to raise costs for American consumers and increase the nation's dependence on foreign supplies, argues American Petroleum Institute President and CEO Mike Sommers. "Rather than imposing targeted and punitive taxes on American energy, API supports the federal regulation of methane from new and existing sources, and we're working with the Biden administration and EPA on effective rules to continue reducing emissions without curbing production of the energy our country needs," Sommers writes.

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