10/15/2020 | Press release | Distributed by Public on 10/15/2020 15:05
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WASHINGTON, October 15, 2020 - The American Petroleum Institute (API) issued the following statement welcoming the release of the Environmental Protection Agency's final Fuels Regulatory Streamlining Rule.
'We support EPA's efforts to modernize its regulations while maintaining the stringency of existing environmental performance standards,' API Vice President of Downstream Policy Ron Chittim. 'Removing outdated and duplicative regulations will strengthen oversight and accountability, provide needed certainty for the regulated community and make fuel distribution more efficient in the marketplace.'
The final rule provides an important update to EPA's fuel quality regulations while maintaining the stringency of existing environmental standards. For example, the final rule:
API represents all segments of America's oil and natural gas industry. Our more than 600 members produce, process and distribute most of the nation's energy. The industry supports more than ten million U.S. jobs and is backed by a growing grassroots movement of millions of Americans. API was formed in 1919 as a standards-setting organization. In our first 100 years, API has developed more than 700 standards to enhance operational and environmental safety, efficiency and sustainability.