New Analysis Shows Ban on Leasing and Development on Federal Lands and Waters Would Threaten U.S. Energy Security, American Jobs and Environmental Progress

09 Sep New Analysis Shows Ban on Leasing and Development on Federal Lands and Waters Would Threaten U.S. Energy Security, American Jobs and Environmental Progress

WASHINGTON, September 9, 2020 – The American Petroleum Institute (API) today released a new analysis warning of negative consequences from a proposed ban on federal leasing on natural gas and oil development on public lands and waters. The analysis projects that a ban would shift the U.S. to foreign energy sources, cost nearly one million American jobs, increase CO2 emissions and reduce revenue that funds education and key conservation programs.

Source: American Petroleum Institute