U.S. energy industry outlines opposition to inflation reduction act

August 11, 2022

WASHINGTON — The American Petroleum Institute (API) joined with nearly 60 other trade groups representing America’s natural gas and oil industry in opposing the Inflation Reduction Act (IRA) as passed by the Senate.

In a letter to House Speaker Nancy Pelosi and Minority Leader Kevin McCarthy, the organizations outlined problematic provisions, including punitive new taxes and regulatory red tape that undermine the industry’s ability to promote energy security for the American consumer.

“We share the goal of addressing climate change, as evidenced in the policies we support and in the actions that we take every day,” the letter states. “However, the considerable tax increases and new government spending in the IRA amount to the wrong policies at the wrong time.”
The letter further cited the absence of comprehensive of permitting reform legislation, which is required to advance America’s infrastructure needs and meet growing demand for affordable and reliable energy.
“Finally, the IRA fails to address permitting reform, which is desperately needed and is essential to effectively deliver affordable, reliable energy to consumers in a growing economy,” the signatories wrote. “To date, neither the House nor the Senate have introduced comprehensive permitting reform legislation. We urge Congress to quickly consider and pass permitting reform without delay.”
Signatories of the letter include:

American Exploration and Production Council (AXPC)
American Fuel & Petrochemical Manufacturers (AFPM)
American Petroleum Institute (API)
Arkansas Independent Producers and Royalty Owners
Arkansas Oil Marketers Association
Associated Builders & Contractors West Virginia
Associated Industries of Florida
Associated Industries of Missouri
California Independent Petroleum Association (CIPA)
Chemistry Industry Council of Illinois
Colorado Oil and Gas Association
Colorado Wyoming Petroleum Marketers Association
Energy Workforce & Technology Council
Florida Independent Petroleum Producers Association
Florida Natural Gas Association
Florida Petroleum Marketers Association
Florida Propane Gas Association
Florida State Hispanic Chamber of Commerce
Florida Transportation Builders Association
Floridians for Better Transportation
Fuel Iowa
Georgia Association of Convenience Stores
Georgia Mining Association
Illinois Fuel Retails Association
Illinois Manufacturers Association
Illinois Retail Merchants Association
Independent Petroleum Association of America
Kansas Independent Oil & Gas Association (KIOGA)
Louisiana Association of Business and Industry
Louisiana Oil and Gas Association
Manufacture Alabama
Michigan Association of Convenience Stores
Michigan Oil and Gas Association
Michigan Petroleum Association
Minnesota Service Station & Convenience Store Association
New Mexico Business Coalition
New Mexico Oil and Gas Association
North Carolina Chamber
North Carolina Petroleum & Convenience Marketers Association
North Dakota Petroleum Council
Ohio Energy and Convenience Association
Ohio Manufacturers Association
Ohio Oil and Gas Association
Pennsylvania Chamber of Business & Industry
Pennsylvania Grade Crude Oil Coalition
Pennsylvania Independent Oil & Gas Association (PIOGA)
Pennsylvania Independent Petroleum Producers
Pennsylvania Manufacturers Association
Permian Basin Petroleum Association
Petroleum Association of Wyoming (PAW)
Plumbing-Heating-Cooling Contractors—National Association
South Dakota Petroleum and Propane Marketers Association
Texas Alliance of Energy Producers
Texas Independent Producers & Royalty Owners Association (TIPRO)
The Coalbed Methane Association of Alabama
The James Madison Institute
The Petroleum Alliance of Oklahoma
West Slope Colorado Oil & Gas Association

Click here to view the letter.