API: Energy Infrastructure Critical to Nation's Consumers, Workers, Environment
WASHINGTON, February 12, 2018 – API President and CEO Jack Gerard welcomed President Trump’s commitment to promoting our nation’s energy infrastructure as the White House released its infrastructure legislative outline.
“Promoting our nation’s energy infrastructure could help bring more affordable energy to American consumers, more jobs to American workers, and a better environment to communities across the country,” said Gerard. “It’s estimated that private investment in our nation’s energy infrastructure could amount to a total of $1.3 trillion and support 1 million jobs per year through 2035. This private investment along with the administration’s proposal to stimulate $1.5 trillion of investment in America’s infrastructure is critical to powering our economy and the nation past the impossible.
“Further, efforts announced today to promote certainty in the permitting process that is driven by sound science are critical to ensuring that Americans can continue to benefit from increased production and use of the energy they demand every day. As the infrastructure conversation advances, we look forward to our continued work with the administration and Congress on efforts that will allow communities across the country to fully benefit from American energy.”
API is the only national trade association representing all facets of the oil and natural gas industry, which supports 10.3 million U.S. jobs and nearly 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 40 million Americans.
This is a press release from the American Petroleum Institute (API). Click here to read it on API's website.