WASHINGTON D.C. – Chet Thompson, president and CEO of the American Fuel & Petrochemical Manufacturers (AFPM), today released the following statement in response to the Environmental Protection Agency’s efforts to modify how it approaches cost-benefit evaluations of its environmental rules:
“We applaud EPA’s move to update how it approaches cost-benefit analyses for its regulations. These efforts will create a more consistent and transparent process for evaluating the costs and benefits of EPA rules and will ultimately lead to better regulations. Furthermore EPA’s intention to update the cost-benefit approach for each individual media – air, water, chemicals, and waste – will avoid a one-size-fits-all approach and ensure the most appropriate and accurate analysis for each decision.”
The American Fuel & Petrochemical Manufacturers (“AFPM”) is a national trade association representing nearly all U.S. refining and petrochemical manufacturing capacity. AFPM members produce the fuels that drive the U.S. economy and the chemical building blocks integral to millions of products that make modern life possible.