The American Petroleum Institute (API) issued the following statement from Senior Vice President and General Counsel Ryan Meyers after a federal court ruled that the previous administration’s attempt to permanently ban new oil and natural gas activity across millions of acres of federal waters was unlawful and exceeded the statutory authority of the executive branch.
Coming amid attacks on refineries, ban is intended to avert shortages and spiking prices on the domestic market.
Environmental policy expert says fossil fuels have been net benefit for society