What’s New
AFPM urges swift action, bipartisan support for permitting
Washington, D.C. – American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson issued the following statement today urging Congress to pass the federal permitting reform bill:
Climate superfund bills and retroactive liability lawsuits could cost American families nearly $1,500
Across the country, federal and state “superfund” legislation and various lawsuits are seeking to impose financial liability on U.S. energy companies for the global effects of climate change. A cumulative cost for such policies and legal actions (and clarity around who might actually pay) has been hard to come by… until recently.
Issues and Policies
18.6 million
U.S. refining increased to more than 18.6 million barrels per day, almost 20% of global capacity.
$185 billion
Petrochemical manufacturers have invested $185 billion to expand operations to meet growing demand.