New analysis has found that a Senate plan to extend the federal electric vehicle (EV) tax credit would cost taxpayers as much as $16 billion over the next decade, money that in recent years has largely gone toward the purchase of luxury electric vehicles.
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.
AFPM supports the continuous drive to make our U.S. transportation fleet more fuel efficient. In fact, we see the fuel refining and petrochemical industries as critical partners in this effort.
AFPM President and CEO Chet Thompson this week submitted comments to leaders of the House Transportation & Infrastructure Committee after the Committee’s inaugural hearing on the state of U.S. transportation infrastructure and supply chains failed to include customer perspectives.
Nothing is more important to the fuel and petrochemical industries than the safety of our employees, communities and the environment. U.S. refiners and petrochemical manufacturers invest extensively to help provide equipment, funding and training for emergency response units.
H.R. 1 is an investment in U.S. energy security. Fuel and petrochemical manufacturers, and the energy infrastructure companies that make it possible to get our feedstocks and products from point A to point B, welcome the additional clarity and regulatory certainty this legislation will provide.
Every American should be able to choose the type of car or truck they want to drive. Restricting consumer choice by eliminating competition and banning entire vehicle power trains is the wrong path to achieving cleaner transportation or supporting U.S. energy security.
In a tight refined product market it has been U.S. refiners that have stepped up. Our industry ran full-out for most of 2022 making sure American consumers, our domestic economic centers and our allies had enough gasoline, diesel and jet fuel to keep everyone moving. Our refining sector leads the world in liquid fuel production and is effectively doing more than any other to bring better balance to the global market.
American Fuel & Petrochemical Manufacturers (AFPM) President & CEO Chet Thompson today issued the following statement on the recent hiring of Aaron Ringel as Vice President of Government Relations: “We are glad to welcome Aaron and immediately put him to work on behalf of AFPM’s members from the refining, petrochemical and midstream energy industries..."
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.