What’s New
Climate superfund bills and retroactive liability lawsuits could cost American families nearly $1,500
Across the country, federal and state “superfund” legislation and various lawsuits are seeking to impose financial liability on U.S. energy companies for the global effects of climate change. A cumulative cost for such policies and legal actions (and clarity around who might actually pay) has been hard to come by… until recently.
Permitting reform is a strong start. Here’s how Congress can make it better.
America is the world’s energy superpower. We have the refineries, petrochemical facilities and fuels consumers need. But too often, outdated permitting rules make it harder than it should be to build the pipelines, terminals and other infrastructure needed to move crude oil and other feedstocks to facilities and products to consumers.
Issues and Policies
18.6 million
U.S. refining increased to more than 18.6 million barrels per day, almost 20% of global capacity.
$185 billion
Petrochemical manufacturers have invested $185 billion to expand operations to meet growing demand.