NOIA President Randall Luthi on President Obama’s Climate Plan
For Immediate Release: Tuesday, June 25, 2013
Contact: Nicolette Nye at (703) 732-0801 or nnye@nullnoia.org
NOIA President Randall Luthi on President Obama’s Climate Plan
Washington, D.C. - National Ocean Industries Association (NOIA) President Randall Luthi today issued the following statement on President Obama’s climate plan ignoring energy industry’s vital role:
“The President’s announcement today on new climate regulations lays out a path forward that ignores the hundreds of American companies and their thousands of employees who work every day to provide affordable, secure and reliable energy to Americans. The current energy industry fuels the economy and is a steady source of well-paying jobs, and should not be regulated out of business, which would cause more reliance on imports.
“We appreciate the President’s aim of supporting increased production of domestic natural gas. We take issue, however, with targeting the oil and gas industry for elimination of the same types of tax deductions that have long been used by other industries. We also contest the President’s aim of imposing unreasonably high curbs on emissions during both exploration and development and for power plants. These will all result in higher prices for the consumer.
“Today’s announcement seems founded on the basic philosophy of making energy more and more expensive. Fossil fuels, including oil, natural gas and coal are the bedrock of our nation’s energy portfolio and will likely continue to be for decades to come. We believe that addressing carbon emissions and producing affordable and reliable energy from traditional sources are not mutually exclusive, especially as technological innovations continue to redefine current practices. We can and must move forward together in a responsible and respectful manner.”
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ABOUT NOIA
NOIA is the only national trade association representing all segments of the offshore industry with an interest in the exploration and production of energy resources on the nation’s outer continental shelf. The NOIA membership comprises more than 275 companies engaged in business activities ranging from producing to drilling, engineering to marine and air transport, offshore construction to equipment manufacture and supply, telecommunications to finance and insurance.
