House Interior Appropriations Act Recognizes Energy Industry’s Economic Contribution
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House Interior Appropriations Act Recognizes Energy Industry’s Economic Contribution
Houston (14 July 2016) – In response to the passage of H.R. 5538, the Interior Appropriations Act, today by the U.S. House of Representatives, IADC President Jason McFarland commented:
“The passage of the Interior Appropriations Act with robust support for oil and gas provisions indicates that House members recognize the tremendous role the energy sector plays in ensuring America’s economic stability. IADC is pleased that the $32 billion measure, which will fund the Interior Department, EPA and other related agencies in fiscal year 2017, contains language that is supportive of oil and gas activities.
“Passage of several amendments restricting the Department of Interior from moving forward on several recent harmful regulations including BSEE’s Well Control Rule, arctic regulations, financial assurance, venting and flaring and methane regulations, and the BLM’s hydraulic fracturing rule is a recognition that imposing costly, prescriptive and duplicative regulations is unnecessary and impedes economic development.”
“The approval of this bill is an important step forward in ensuring that oil and gas regulations are fair and sensible. IADC thanks those House members who voted in support of the energy industry, and for the leadership of those Members who proposed amendments to scale back these harmful regulations to help ensure America’s continued energy renaissance.”
About IADC
Since 1940, the International Association of Drilling Contractors (IADC) has exclusively represented the worldwide oil and gas drilling industry. IADC’s mission is to catalyze improved performance for the drilling industry by enhancing operational integrity and championing better regulation to facilitate safer, cleaner and more efficient drilling operations worldwide. For more information, visit the IADC website at www.iadc.org.