Latest American Petroleum Institute News

Biden administration restricts oil and gas leasing in 13 million acres of Alaska's petroleum reserve

Apr. 19, 2024 15:57 PM EDT

JUNEAU, Alaska (AP) — The Biden administration said Friday it will restrict new oil and gas leasing on 13 million acres (5.3 million hectares) of a federal petroleum reserve in Alaska to help protect wildlife such as caribou and polar bears as the Arctic continues to warm. The...

Pennsylvania county joins other local governments in suing oil industry over climate change

Mar. 26, 2024 14:49 PM EDT

A large suburban Philadelphia county has joined dozens of other local governments around the country in suing the oil industry, asserting that major oil producers systematically deceived the public about their role in accelerating global warming. Bucks County's lawsuit against a half...

Liquefied Natural Gas: What to know about LNG and Biden's decision to delay gas export proposals

Jan. 26, 2024 16:52 PM EST

WASHINGTON (AP) — The Biden administration said Friday it is delaying consideration of new natural gas export terminals i n the United States, even as gas shipments to Europe and Asia have soared since Russia’s invasion of Ukraine. The decision by President Joe Biden, announced...

Biden delays consideration of new natural gas export terminals, citing climate risk

Jan. 26, 2024 11:43 AM EST

WASHINGTON (AP) — The Biden administration is delaying consideration of new natural gas export terminals in the United States, even as gas shipments to Europe and Asia have soared since Russia’s invasion of Ukraine. The election year decision by President Joe Biden aligns with...