WASHINGTON, D.C. – Chet Thompson, president and CEO of the American Fuel & Petrochemical Manufacturers (AFPM), today issued the following statement in response to comments by Vice President Joseph R. Biden Jr. in last night’s presidential debate
Last week, California Insurance Commissioner Dave Jones launched the latest salvo in his relentless crusade to coerce the nation’s leading insurance companies to divest from oil and natural gas company holdings.
This week, AFPM joined API and industry associations representing fuel retailers, gasoline marketers, convenience stores and tank truck carriers to field questions from the media about the ongoing fuel distribution challenges resulting from the Colonial Pipeline shutdown.
A nationwide 95 RON octane standard for vehicles can deliver major carbon reductions in the nation’s light-duty auto fleet faster and at a lower cost than any other proposal being considered by policymakers right now, especially policies seeking to force nationwide vehicle electrification.
Building on decades of broader efforts alongside automakers to advance fuel-efficient technologies and vehicles, refiners are leading the effort to transition the U.S. to high-octane gasoline.
Often overlooked in the compendium of efforts toward a cleaner vehicle fleet are bold, industry-led innovations inefficient liquid fuels, vehicle designs and internal combustion engines that continue to dramatically reduce tailpipe emissions.
