AXPC Heads to Capitol Hill: On December 5, AXPC President and CEO Anne Bradbury testified before the House Energy and Commerce’s Subcommittee on Energy, Climate, and Grid Security, chaired by Rep. Jeff Duncan (R-SC). The hearing’s focus was “America’s Future: Leading a New Era of Energy Dominance, Security, and Environmental Stewardship” and was part of a broader, two-hearing effort, led by full committee Chair Cathy McMorris Rodgers (R-WA) to examine the components of America’s energy success and what is needed to ensure the delivery of affordable, reliable energy well into the future.
A Contrast to COP28 Messages: Committee members aimed to draw a contrast with the ongoing United Nation’s Conference of the Parties climate talks, also known as COP28, being held November 30 to December 12 in Dubai, United Arab Emirates. A big focus for these international talks is the adoption of aggressive and unrealistic demands to end the use of hydrocarbons in energy production. Chairs Rodgers and Duncan sought to highlight America’s energy and environmental record and underscore that the U.S. is the true global leader in developing clean energy solutions.
AXPC Members Ready for the Challenge: In her testimony, Bradbury explained that AXPC’s member companies “represent the leading independent producers of oil and natural gas, who brought this country from a place of energy scarcity to energy abundance, shepherding in the last decade of American energy leadership on the global stage. Our 34 members are responsible for over half of all domestic production. Put another way, we represent the innovators, the scientists, and the workers who sustain America’s energy advantage, which translates to an economic and a security advantage for our nation.”
Explaining Energy Realities: Bradbury told committee members that the American oil and natural gas industry was well-positioned to build on energy technology achievements and breakthroughs to help lead a new era of energy dominance, security, and environmental stewardship. Below are excerpts from her testimony explaining the critical contributions American companies are making to climate policy, energy policy, and global security:
- If Not America? “If the U.S. winds down production, another country will fill the supply gap – and likely with a much higher emissions intensity. Growing global demand will be met by someone; we must decide whether it will be with our resources or our adversaries. The U.S. contribution is arguably the best supply of responsible energy available today at the scale required to meet global demand.”
- The Leader in Emissions Reductions: “The same innovation that made America the global leader in oil and natural gas production is now leading the way in developing and deploying critical advances in emissions reduction technologies, from the wellhead to the end user.”
- The Right Thing / The Smart Thing: “We are already leading the way, globally, in the development and deployment of new emissions reduction technologies and innovative approaches—not because Washington instructed us to, but because it is the right thing and the smart thing to do.”
- More with Less Impact: “In the past decade, we have also dramatically increased the efficiency of our operations. Today companies are able to produce exponentially more from a single location, and do so in less time, with less footprint and less impact on the environment.”
- An Unparalleled Pace of Innovation: “The pace and scale of innovations to reduce emissions happening in the U.S. are unparalleled at any other time in history, and our industry is driving these innovations. The U.S. oil and natural gas industry is one of the most high-tech industries in the world and thrives on a culture of chasing continuous improvement and tackling the unknown.”
- Regulations Must Leave Room for Innovation: “Continued progress is going to require a combination of many technologies and industry practices, and the landscape is consistently and rapidly evolving. Policymakers must strive for policies and regulations that allow for industry to continue to innovate and improve…The U.S. oil and natural gas industry is the most capable of creating and advancing these technologies and innovative approaches, and we need a regulatory system that allows for, and incentivizes, that continued progress.”
- CCUS Helps Meet Climate Goals: “As the world moves toward a lower-carbon energy system, the United States is uniquely positioned to lead widespread CCUS deployment because of our expertise, capability, infrastructure, and natural resources. Going forward, widespread CCUS deployment is vital to satisfying the world’s growing demand for energy, while meeting the goals of climate progress.”
- Natural Gas Breakthrough: “Natural gas, made plentiful by the Shale Revolution, liquefied and exported around the globe, may be one of the greatest environmental breakthroughs of the last century.”
- Support for Allies: “When Russia invaded Ukraine and held Europe’s energy supply hostage, the United States stepped in to provide the resources our allies needed. The U.S. more than doubled the number of cargoes sent to Europe last year, becoming the single largest source of LNG to Europe and overtaking Russia as the largest supplier of natural gas to Europe—a feat that never could have been possible without the Shale Revolution.”
- Inextricably Linked: “Climate policy, energy policy, and foreign policy are inextricably linked, and we must work collectively to make sure that we get each right. America’s independent oil and natural gas producers have critical expertise to contribute to the national conversation about reducing emissions and meeting American, and global, energy demands. American-made energy is an essential part of the solution to meeting U.S. climate, economic, and geopolitical goals, and we need policies that support continued American energy dominance.”
Click here for the Hearing Announcement and here for a Hearing Memo.
Click here for Hearing Replay.
Bradbury’s Opening Statement starts at the 39:05 mark.
Response to Subcommittee Chair Duncan’s question about innovation.
Response to Full Committee Chair McMorris Rodgers’ question about clean energy.
Response to Rep. Johnson (R-OH) on AXPC’s support of American LNG use overseas.
Response to Rep. Veasey (D-TX) on oil and gas expertise helping geothermal development.
Response to Rep. Fletcher (D-TX) on emissions reporting.