AFPM opposes the Inflation Reduction Act as written. We evaluated the bill against our core principles, specifically whether the legislation would support strong U.S. refining and petrochemical industries and whether it pursued emissions reductions in a market-based and cost-effective manner. Unfortunately, the IRA falls short of these goals.
The temporary enforcement policy announced by the Environmental Protection Agency (EPA) triggered criticism about some in the oil and gas industry getting a “license to pollute” during a public health emergency.
With recent plastic waste legislation from New York and New Jersey making headlines, we sat down with AFPM Senior Director of Petrochemicals, Transportation and Infrastructure Rob Benedict to discuss the petrochemical industry’s role in reducing plastic waste, new technological breakthroughs and how AFPM analyzes plastic waste policy proposals.
WASHINGTON, D.C. – This decision by the Canadian government to designate plastic manufactured items as “toxic” is unwarranted and not based in science.
A central theme running through the “Better Deal” economic policy agenda that the Democratic Party rolled out this week is the importance of creating—and protecting—good-paying jobs – jobs that will help boost middle-class incomes and create new economic opportunities nationwide.
Nine U.S. senators today called on the administration to uphold the law and ensure that qualified small refineries continue to have protection from disproportionate economic hardship brought on by the Renewable Fuel Standard (RFS).
Publicly owned companies, like many U.S. refineries, have a fiduciary responsibility (which is a legal obligation) to act in the best interest of their shareholders, and that extends to how companies spend their earnings. Often, earnings are spent on a combination of the following: direct dividends, stock buy back programs, paying down debt and capital investment projects.