Oil Sector Touts Market 'Model' For GHG Reductions Ahead Of Paris Talks

The oil and natural gas sector is intensifying calls for federal officials to ensure any international climate agreement reached in Paris next month relies on market-driven replacement of higher-emitting fuels with lower-emitting natural gas while avoiding “command-and-control” regulations that harm the economy. During a Nov. 16 press call, American Petroleum Institute (API) President Jack Gerard urged the Obama administration to tout the United States' greenhouse gas emission reductions since 2005 as a “model” for other countries. Many of those cuts,...