WASHINGTON – Today, the CEO of the American Exploration and Production Council (AXPC), Anne Bradbury, congratulated Joe Biden on his inauguration as the 46th President of the United States:
“Congratulations to President Joe Biden and Vice President Kamala Harris on their inauguration as our 46th president and 49th vice president and especially to Vice President Harris on making history as our country’s first woman vice president.
“We look forward to supporting this administration’s Build Back Better agenda with Made in America oil and natural gas. We are committed to producing American energy under the highest environmental and safety standards in the world while fueling this country’s economic recovery, and ensuring our communities have access to affordable, reliable energy. Environmental protection and energy production are not mutually exclusive.”
BACKGROUND: US Oil & Natural Gas Value to Building Back Better and Economic Recovery
AXPC would like to engage with the Biden Administration and the New Congress on:
- Meeting the dual challenge of global climate change and providing affordable and reliable energy with innovative solutions and technological advancements
- Developing and implementing solutions for water and waste use, reuse, and recycling
- Ensuring our industry’s access to capital and global markets
- Maintaining our ability to produce American oil and gas on federal lands
- Protecting critical tax provisions secure a domestic energy supply and American jobs, now and in the future
- Permitting and furthering energy infrastructure projects that to move products in an environmentally protective way from well sites to downstream markets
- Continuing the environmental progress our country has seen from the increased use of natural gas for electricity
- Making sure our communities do not fall into “energy poverty” by protecting our ability to provide oil and natural gas as an affordable and reliable feedstock for every other manufactured product and service made in America
We produce the cleanest and safest oil and natural gas here at home, and our country will not stop consuming oil and gas just because it is not produced in the US.
- Even under the International Energy Agency (IEA) Sustainable Development Scenario, which assumes every country meets their Paris commitments, the world will still get almost 50 percent of our energy from oil and gas in 2040.
- If American production is limited or restricted by bans on production, the energy needed to meet our demands will be exported from countries like Russia and Saudi Arabia.
Technological advancements like hydraulic fracturing and horizontal drilling further environmental progress. Hydraulic fracturing is responsible for some of the cleanest energy in the world – the technology has allowed us to increase energy production, while also reducing emissions.
- Since 2010, the U.S. shale revolution saw natural gas production nearly double, while U.S. total energy-related CO2 emissions declined significantly.
- In 2019, as a result of fracking and increased natural gas production, the U.S. reduced CO2 emissions by 140 million tonnes, the largest reduction of any country according to the International Energy Agency.
- Because of fracking U.S. emissions reductions have outpaced the rest of the world. According to the EPA, from 2005 to 2018, total U.S. energy-related CO2 emissions fell by 12 percent, while global energy-related emissions increased nearly 24 percent during this period.
- Methane emissions from oil and natural gas systems are down 23 percent since 1990, according to the 2020 edition of EPA’s Inventory of U.S. Greenhouse Gas Emissions and Sinks.