API sees common ground to work with Biden administration on methane emissions, trade

Author: Adam Yanelli

2021/01/13

HOUSTON (ICIS)--The American Petroleum Institute (API) will look for areas where it can work with the incoming administration of President-elect Joe Biden but be ready to oppose policy ideas it disagrees with, the CEO of the oil and gas industry trade association said on Wednesday.

“The bottom line for us is, we are going to work with the Biden administration when we can, but we will oppose them when we must,” API CEO Mike Sommers said.

Sommers’ comments came during the question-and-answer session at the end of the API’s 2021 State of American Energy virtual presentation.

He cited clear areas where the API and the Democratic administration could work together, such as regulating methane emissions and supporting trade.

Sommers outlined an API-sponsored programme, the Environmental Partnership, as an example of something the industry has done on its own to combat climate change.

“We do think there is room for regulation in this space, and we look forward to working with the Biden administration,” Sommers said.

Another area that Sommers believes the API and the new administration could work together on is trade.

“We have more energy in the US than we can use,” Sommers said. “We want to export it across the globe because other parts of the world should benefit from American environmental progress in particular. That progress has been fueled by natural gas and the abundance of it that exists within the US.”

Sommers said he knows there are areas where the association will disagree with the administration.

“When those areas come, we will oppose,” he said. “And we will do everything we can to fight for the oil and gas industry. Areas like access to federal lands, access to federal waters, places that have provided the energy security that America needs to be successful, from a national security perspective and from an affordability perspective for American consumers.”