The American Petroleum Institute participated in a forum conducted yesterday by the U.S. Department of the Interior to discuss the Biden administration's Executive Order in January that "paused" Oil and natural gas leasing on federal land.
API Senior VP of Policy, Economics and Regulatory Affairs Frank Macchiarola participated in a panel with other national energy industry stakeholders. Macchiarola highlighted the importance of continued federal leasing and development for America's energy security and environmental progress.
"The Biden administration inherits a strong American energy outlook, and ensuring access to federal leasing and energy development is imperative to continuing low household energy costs, record greenhouse gas emissions reductions and reduced reliance on foreign energy," Macchiarola said.
He encouraged Interior to complete its review quickly and fully reinstate federal oil and gas leasing.