AXPC works closely with all levels of government and regulatory agencies to advocate, educate and advise on issues important to our industry, consumers and the United States. We aim to influence strong and effective public policy to protect America’s standing as global energy superpower – providing economic benefits, enhancing national security and producing the products we use each and every day in a safe and responsible manner.
Strengthening our nation’s energy infrastructure will mean more jobs, a cleaner environment, more competitive manufacturing, increased government revenue, additional economic growth, and access to more affordable energy for Americans. As such, AXPC supports the commitment to enhancing our nation’s infrastructure, and related initiatives that will promote certainty and predictability in the permitting process.
The misuse of consent decrees, in which special interest groups sue federal agencies and then influence regulation outside of the normal rulemaking process through settlement, has become a familiar tactic in recent years by some special interest groups. The approach is concerning as it often bypasses administrative processes designed to provide transparency and public participation. The oil and natural gas industry has found itself in the middle – consistently being the subject of “regulatory workaround” under these settlements, but without a voice in the process.
The oil and natural gas industry is one of the most thoroughly regulated industries in the U.S. We recognize the importance of – and support – regulations that ensure the safety of our employees, the environment and our communities. However, it is important that regulatory programs do not become so burdensome that their cost outweighs their benefit and ultimately deters the responsible development of affordable, reliable, domestic energy for Americans.
The ability of independent oil and natural gas exploration and production companies to deduct business expenses – just as other businesses deduct their ordinary and necessary business expenses – remains a key element in attracting investment capital for the industry.