American Petroleum Institute (API) Executive Vice President and Chief Advocacy Officer Amanda Eversole released the following statement today thanking Rep. Andy Barr, R-Ky., for introducing the Ensuring Sound Guidance (ESG) Act, legislation to help strengthen investments in the energy sector and ensure America’s energy security.
“API agrees that America’s economy and energy sector need more investment, not less. We support this commonsense legislation that would require decisions by investment advisors to prioritize financial returns for Americans. Our country’s oil and natural gas companies are focused on producing reliable, affordable and cleaner energy while promoting free markets and free trade as the cornerstone of innovation and investment. We applaud Rep. Barr for his commitment to Americans’ financial security.”
API represents all segments of America’s natural gas and oil industry, which supports nearly 11 million U.S. jobs and is backed by a growing grassroots movement of millions of Americans. Our approximately 600 members produce, process and distribute the majority of the nation’s energy, and participate in API Energy Excellence®, which is accelerating environmental and safety progress by fostering new technologies and transparent reporting. API was formed in 1919 as a standards-setting organization and has developed more than 800 standards to enhance operational and environmental safety, efficiency and sustainability.