Natural gas would be a winner in coming years under the Environmental Protection Agency's plan to cut carbon emissions from power plants, a proposal that would push electricity production away from coal toward cleaner-burning gas and renewables.
But that doesn't mean the Beltway's most powerful oil-and-gas-industry lobbying group is going to endorse the proposal, or even stay neutral. Instead, the American Petroleum Institute has come out guns blazing, even though the rule is projected to boost demand for natural gas for several years (and the U.S. barely uses oil to make electricity anymore).
"The uncertainty created will have a chilling effect on energy investment that could cost jobs, raise electricity prices, and make energy less reliable," API President Jack Gerard said.
But in contrast to API, America's Natural Gas Alliance, a group that represents large independent gas producers, offered an agnostic take that steered clear of any criticism and notes that ANGA looks forward to working with the administration on the rule as the "process moves forward."
"As we consider EPA's proposal with our members and with our power-generation customers, we agree the rules should be flexible and fair, and we believe they should recognize the ability of natural gas to play an increasing role in the delivery of reliable, safe, and clean power," said ANGA President Marty Durbin.