WASHINGTON, Aug. 3, 2015 /PRNewswire-USNewswire/ -- The EPA's
final power plant rule imposes unnecessary costs on states and U.S.
consumers, particularly poorer communities, while overlooking the
proven, market-driven potential of natural gas to help reduce
emissions, said API. API opposes the rule because it
oversteps the authority given to the EPA under the Clean Air
Act.
"America is leading the world in reducing emissions thanks to a
revolution in the production and use of natural gas," said
Howard J. Feldman, API senior
director of regulatory and scientific affairs. "We can continue
that progress without costly new regulations that could hurt
consumers and stifle economic growth.
"Meeting climate challenges must go hand-in-hand with ensuring
that Americans have the affordable and reliable energy necessary to
grow our economy and create jobs. Instead, the EPA rule could
impose the greatest costs on those who can least afford it –
Americans looking for jobs and families that don't have the means
to pay higher monthly bills to heat and cool their homes.
"Over the last few years, consumer-driven investments in natural
gas have lowered energy bills for hard-pressed families while
helping cut emissions to near 20-year lows. By picking winners and
losers in the energy mix, EPA's rules could force consumers to pay
far more money for far fewer environmental benefits.
"America's oil and natural gas industry invests more in
zero-and-low-emissions technologies than the federal government and
nearly as much as all other industries combined. With or without
new regulations, natural gas will continue to grow as a critical
source of clean energy, but the EPA's rule does more harm than
good."
API is the only national trade association representing all
facets of the oil and natural gas industry, which supports 9.8
million U.S. jobs and 8 percent of the U.S. economy. API's more
than 625 members include large integrated companies, as well as
exploration and production, refining, marketing, pipeline, and
marine businesses, and service and supply firms. They provide
most of the nation's energy and are backed by a growing grassroots
movement of more than 20 million Americans.
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SOURCE American Petroleum Institute