WASHINGTON, Sept. 2, 2011 /PRNewswire-USNewswire/ — American Petroleum Institute (API) President and CEO Jack Gerard welcomed President Obama’s decision to halt EPA’s proposal to set a new, out-of-cycle ozone standard without any mandate or obligation:
“The President’s decision is good news for the economy and Americans looking for work. EPA’s proposal would have prevented the very job creation that President Obama has identified as his top priority.
“Ozone levels and air quality continue to improve under current regulations and our industry is committed to making the air we all breathe cleaner while creating new jobs.
“The oil and natural gas industry was one of the few industries to actually create jobs in August. With the right public policies, we can do more to help generate more American jobs and help get our economy back on track.”
API represents more than 480 oil and natural gas companies, leaders of a technology-driven industry that supplies most of America’s energy, supports 9.2 million U.S. jobs and 7.7 percent of the U.S. economy, delivers more than $86 million a day in revenue to our government, and, since 2000, has invested more than $2 trillion in U.S. capital projects to advance all forms of energy, including alternatives.