API: Senate’s approval of WRDA critical to nation’s harbors and ports
OREANDA-NEWS. September 16, 2016. API welcomed the Senate’s bipartisan action to approve the Water Resources Development Act (WRDA), as the bill will put in place the necessary resources aimed at improving the integrity and safety of our nation’s ports and harbors. “Our nation is leading the world in the production of oil and natural gas and in the reduction of carbon emissions which are near 20 year lows. In order for this leadership to continue, we need strong energy infrastructure,” said API Executive Vice President Louis Finkel. “This bill, aimed at maintaining and improving the safety of our nation’s ports and harbors, will help ensure that our nation’s energy renaissance continues to provide benefits to American consumers while taking steps to improve the environment.”
The Water Resources Development Act would ensure that the Harbor Maintenance Trust Fund has the resources needed to maintain our nation’s ports and harbors; approximately 40 percent of all goods moved on the nation's waterways are crude oil or petroleum products.
API is the only national trade association representing all facets of the oil and natural gas industry, which supports 9.8 million U.S. jobs and 8 percent of the U.S. economy. API’s more than 650 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 30 million Americans.