After feuding for decades, the leader of the American Petroleum Institute says the oil and gas industry has a shared mission with biofuels producers. Mike Sommers is president and CEO of the American Petroleum Institute.
Regulations that promote the sale and use of electric vehicles are now the common foe. And the American Petroleum Institute has ended its opposition to nationwide, year-round sales of gasoline with a higher blend of ethanol.
The petroleum industry supports carbon capture technology and liquid carbon storage underground. Sommers says more pipeline infrastructure is needed.
Backers of the proposed Summit Carbon Solutions project in Iowa say it will make ethanol a low-carbon or carbon-free fuel — spurring sales in places like California. Sommers says federal tax credits for carbon pipelines should be retained, while eminent domain authority to seize land from unwilling property owners should be the last resort for pipeline developers.
Sommers hopes to visit Iowa during the State Fair. He was unable to make it to in-person meetings in Iowa Tuesday due to airline delays and cancellations.
