API urges repeal of current methane and natural gas waste rule
“This is an important step in creating certainty in the regulation of oil and gas in America, and restoring BLM land management for multiple uses as Congress intended,” said API Upstream and Industry Operations Group Director Erik Milito.
Milito is hopeful the Senate will vote in their favor.
“More than 80 percent of voters support increased development of U.S. oil and natural gas. We hope the Senate will build upon today's pro-jobs and pro-economic policy vote and repeal the harmful Methane and Waste Prevention rule next,” he says.
Milito explained that a “balanced approach” is needed for the industry.
“The checks and balances of Congress can help to foster oil and natural gas production, which benefits American consumers and strengthens our national security,” Milito said.
The API wants the U.S. to continue strengthening its status as a leading producer in the oil and natural gas sector.
“Forward-looking energy policies will ensure the United States continues leading the world in the production and refining of oil and natural gas, and in the reduction of carbon emissions,” Milito said.
The Methane and Natural Gas Waste Prevention Rule deals with reducing natural gas waste on public and tribal lands.