AFPM criticises President Obama’s proposed energy tax increases

American Fuel & Petrochemical Manufacturers President Charles T. Drevna issued the following statement in response to President Obama’s energy speech in Florida today:

“The American Fuel & Petrochemical Manufacturers support a balanced approach to meeting our nation’s energy needs. Eliminating tax deductions that every other American manufacturer receives and supporting tax hikes on energy that Americans use every day in order to subsidize other forms of energy that can’t compete on their own in a free market is not the right approach.

“President Obama is once again seeking discriminatory energy tax increases that will hurt American consumers and endanger manufacturing jobs of American workers. Instead of trying to slow our economy down with more taxes and higher unemployment, the president should approve the Keystone XL pipeline to immediately create 20,000 American jobs and provide the American people with a sure and steady supply of oil to serve them for generations.”

Sponsor:

News Category:

Company News

Other News Items

TotalEnergies to cease operating its oldest steam cracker in Antwerp

TotalEnergies’ Antwerp platform provides an update on its investments for the future and announces plan to reconfigure its petrochemicals operations to strengthen competitiveness. ...

23-04-2025
HOERBIGER to break ground on new Florida Campus in Florida

HOERBIGER Corporation of America will hold a ceremony to commemorate the groundbreaking of its future home, the HOERBIGER Florida Campus, on Wednesday, April 23rd. Construction ...

22-04-2025
Amogy and JGC to accelerate commercialisation of ammonia cracking catalyst

Amogy, a provider of mature, scalable, and efficient ammonia-to-power solutions, today announced the first pilot plant deployment of its advanced ammonia cracking catalyst ...

17-04-2025
Clariant teams up with Technip to introduce new steam-to-oil catalyst

Clariant, a global leader in specialty chemicals, today announced the launch of StyroMax UL-100, its most advanced ethylbenzene dehydrogenation catalyst to date. This ...

09-04-2025
Yokogawa Launches OpreX Plant Stewardship

Yokogawa Electric Corporation announces the launch today of OpreXTM Plant Stewardship, the most comprehensive lifecycle service program in the company’s OpreX Sustainable ...

08-04-2025
IndianOil to build mega petrochemical project in Paradip

In a landmark development, Indian Oil Corporation Ltd. (IndianOil) signed a Memorandum of Understanding (MoU) with the Government of Odisha to set up a world-class Petrochemical ...

08-04-2025
BDI BioEnergy to begin construction of biofuel feedstock refinery plant

BDI-BioEnergy International has signed a contract with Ghent Renewables BV to begin the construction of a pioneering biofuel feedstock refinery plant. This facility will ...

04-04-2025
Lummus Technology completes startup of electric heater demonstration unit

Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the successful startup of its SRT-eTM commercial demonstration ...

03-04-2025
Clariant announces the successful startup of MegaMax™ 900 catalyst

Clariant, a sustainability-focused specialty chemical company, today announced the successful startup of its MegaMax 900 methanol synthesis catalyst at European Energy’s ...

03-04-2025
Burckhardt Compression wins digital monitoring solutions order for petrochemical facility in Saudi Arabia

Burckhardt Compression, a global leader in reciprocating compressor technology, has won a significant order for Digital Monitoring Services in Saudi Arabia. The order ...

03-04-2025