American Petroleum Institute President and CEO Jack Gerard has said that legislation introduced in the Senate on 26th July could help the US economy. The Domestic Energy and Jobs Act will help move the economy in the right direction and strengthen US energy security.
‘Every policymaker says they want to create jobs. This legislation provides a clear opportunity to do so. It would approve the Keystone XL pipeline, putting tens of thousands of Americans to work almost immediately. It also would expand access, expedite permitting and require a cumulative analysis of certain EPA rules and regulations.
‘Since the recession began, the US oil and natural gas industry has created more than 86 000 new jobs while the economy as a whole has lost five million. The sponsors of this legislation know there’s vast potential for America’s oil and natural gas industry to put even more people to work, boost domestic production, and generate millions of dollars in new revenue for the government,’
Adapted from press release by Claira Lloyd.