New Methane Regulation Reiterates Manufacturers’ Wariness About the Future of U.S. Energy Policy
Washington, D.C., May 12, 2016 – National Association of Manufacturers (NAM) Vice President of Energy and Resources Policy Ross Eisenberg issued the following statement after the EPA released its final rule to regulate methane emissions from new oil and gas sources:
“Today, the Administration continued down an ill-advised path that threatens to prevent manufacturers’ access to substantial supplies of oil and natural gas. The rules finalized today, coupled with a suite of recently issued and announced regulations, only reiterate manufacturers’ wariness about the future of U.S. energy policy and our ability to continue powering our facilities with affordable and reliable energy.
“The importance of these energy resources to manufacturers cannot be overstated. Manufacturers directly consume about one-third of all natural gas consumed in this country, and that does not account for the natural gas-powered electricity we purchase from the grid. Expanded energy access generated by the shale boom added 1.9 million jobs in 2015 alone, and demand for these resources, driven in part by new investments in manufacturing, is expected to grow by 40 percent over the next decade.
This is a time when we should be working to leverage our domestic energy resources, to continue driving economic growth, innovation and environmental improvement. Overly prescriptive regulations that limit energy access will only make manufacturers less competitive and send investments and jobs to countries where emissions will be higher.”
To learn more about how energy regulation will impact manufacturers, visit our website.
The National Association of Manufacturers (NAM) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 12 million men and women, contributes $2.17 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for more than three-quarters of private-sector research and development. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit www.nam.org.