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.
COVID-19 upended energy markets. Demand disappeared and producers scaled back. Now that economies are reopening, and the demand for goods and services is rebounding, the demand for energy all along the supply chain is increasing, driving up not only the cost of the feedstocks and fuels refineries and petrochemical manufacturers use, but also the cost of the energy used at every step of the supply chain.
Fuel Refiners, Petrochemical Manufacturers Urge Congressional Democrats to Stand Strong, Reject New Taxes on American-Refined Energy, Plastics
Washington, D.C. – AFPM launches seven-figure campaign thanking Democrat champions, warning that reconciliation taxes could lead to higher prices on gas and consumer goods, threaten jobs and undermine U.S. energy security.
As industries with deep-running safety cultures and critical roles in product supply chains, the fuel and petrochemical industries are uniquely positioned to share vital products with some of those most in need during the COVID-19 pandemic.
AFPM members are supporting their communities through the unprecedented challenges brought on by the spread of COVID-19.
If there’s one thing that films like ET and shows like Stranger Things have taught us, it’s that any super-secretive shady government program worth its salt needs hazmat suits.