Monday, November 4, 2024

Oil and gas trade group applauds U.S. Supreme Court’s ruling on EPA’s Good Neighbor Rule

World Oil


(WO) — The American Petroleum Institute (API) released a statement from API Senior Vice President and General Counsel Ryan Meyers applauding the U.S. Supreme Court’s decision to stay the U.S. Environmental Protection Agency’s (EPA) ‘Good Neighbor Rule,’ ensuring the oil and gas industry can continue to provide affordable, reliable energy to American consumers at a time of persistent inflation and geopolitical uncertainty:

“While we support EPA’s goal of reducing emissions, API welcomes the Supreme Court’s decision to stay this flawed rule. Americans are looking for pragmatic energy solutions, not misguided policies that threaten to undermine energy reliability by forcing operators to take pipeline engines — a vital technology to ensure natural gas can reach consumers — out of operations. The Court’s decision prevents the risk of electric power outages and crippling delays to industrial supply chains for now. Still more is needed from Washington to ensure long-term energy reliability for American consumers.”

The Good Neighbor Plan requires “upwind” states to decrease air pollution affecting “downwind” states. Under the rule, states can make a plan that adheres with the EPA’s ozone guidelines.

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