our interview took place before thursday's news that the american petroleum institute, the chief lobbyinggas industry, had reversed its longstanding opposition to obama-era methane regulations. you've said in the past that the trump administration has rolled back for methane emissions regulation was frustrating and disappointing. tell me why you decided to take a position like that, because usually people in your industry don't. >> we have absolutely committed to natural gas as being a very important transition fuel as we move from fossil fuels to renewable fuels, but it's only going to be a good transition fuel if there are low to no emissions. and so, it's absolutely critical that we as a company get this right and, frankly, we as an industry get this right. because the natural gas loses its effectiveness as a good transition fuel if we have these emissions. and so, we have done a lot of work at shell to really reduce, and eliminate in many cases, our emissions. some examples i can give you from west texas. drill hundreds of wells in west texas. it used to be industry standard that ever

the american petroleum institute claim it will kill 12% of us natural gas production and nearly a quarterction and force the us to ship two million more barrels of oil a day by 2030. they estimate it could result in nearly one millionjob losses by 2022 across the country. kathleen skarm—ma is the president of the western energy alliance — a body which represents oil and gas drillers in western states. that sacrifice is born, because it's on federal [and and waters, it's borne by those in the west whose — livelihoods depend on producing and environmentally responsible natural gas and oil. we do that under strict environmental protections. we are... natural gas is the number one reason the united states has reduced more greenhouse gas emissions than any other country. leading president biden's climate change policy will bejohn kerry. give climate change i think ofjobs. the key plank of our recovery plan is building a modern, resilient climate infrastructure and clean energy future that will create millions of good paying unionjobs. not seven, eight, ten, $12 an hour but prevailing wage and

the american petroleum institute claims the move will kill 20% of u.s.as production in nearly a quarter of u.s. oil production and will force the u.s. to ship 2 million more barrels of oil a day by 2030. it estimates it could result in nearly one million job losses by 2022 across the u.s. and we heard from the president of the western energy alliance, a body which represents oil and gas drillers in western states of the u.s. she explains why she fears those states will be worst hit. >> sacrifice is born because it is on federalands and waters. it is borne by those in the west whose livelihoods depend on producing environmentally responsible natural gas and oil. we do that under strict environmental protections. we are -- natural gas is the number-one reason the u.s. has reduced more greenuse gas emissions than any other countr ros: that is a critique he expected. pres. biden: end when i think of climate change, i think -- when i think of climate change, i think of jobs. a key part of the build back better recovery plan is building a modern, resilient cle

: the oil and gas industry has been critical of the presidents climate plans, with the american petroleum instituteharging it could lead to more dependence on foreign and energy and job loss. >> reporter: those concerns were echoed on capitol hill at the confirmation hearing for energy secretary nominee jennifer granholm. >> a long-term ban will cut revenue to new mexico and wyoming by hundreds of millions of dollars. >> reporter: the licensees that are currently operating are not going to be disrupted. >> reporter: members of the presidents climate team say there focuses on creating the jobs of the future. >> we can build that demand. we can actually grow, significantly, millions of clean energy jobs. >> reporter: on the foreign policy front, the president is planning to host a world leaders climate summit on earth day. >>> back on capitol hill, senator feinstein introduced a bill today to permanently ban oil and gas drilling in federal waters off the coast of california, oregon, and washington. proposal is cosponsored by senator padilla and the democratic senators from those two other west coast

mike summers, american petroleum institute, president and ceo there.e. i think the double whammy was, within the same week, extending it to new exploration on federal lands. the only distinction, i guess, i got from that is at least he didn't stop projects, you know, that are going, if you will, on those same federal lands. what do you make of this? >> well, look, i mean, every president for the last 40 years has made energy independence a hallmark of their presidency. we're on the cusp of that, and it seems like president biden is going in a direction of energy dependence with these moves. the keystone xl pipeline cancellation, of course, killed about 10,000 union jobs. the same day he really shut down permits to drill on federal lands, and then yesterday's decision with a decision to cut off leasing on federal lands was very, very concerning. and i think it sets this country back particularly from an environmental perspective. that's the irony here. neil: so what does your industry do? >> well, look, my member companies at the american petroleum inst

actually supported by a lot of oil and gas companies, even the crazy elements like the american petroleum institute, that the u.s. rejoin the paris accord. you mentioned carmakers as being in favor of biden reversing some of trump's anti-environmental actions. and in favor of some of the emissions standards, for example. i know that he'll have a fight with industry and with the advocates of industry on capitol hill for a lot of this stuff but are our expectations on this out of date in terms of where some of the stakeholders come down on these proposals? >> yes. you mentioned the automakers and that is something where if you make a comparison to what president obama tried to do in the first couple of years of his administration and where the auto industry was and now fast forward over a decade later, it's such a profound change. when obama was going to put into place -- and it's important to note auto pollution is single largest supply of emissions in the u.s. the regulations the u.s. government puts on the industry is the number one thing that the government can do in terms of fund. ally lowering

in the show >>> well, oil prices are slipping a bit right now this after data from the american petroleum institute shows a surprise build in inventories last week, that is renewing a little bit of concern about fuel demand. but goldman sachs expects that saudi arabia's upcoming production cut, remember, the saudi surprise of a million barrels a day will neutralize some of the demand weakness, and they see crude rising to 65 bucks a barrel this summer let's talk more about it from one of the guys who made that call, head of energy research and senior commodity strategist at goldman sachs, damian, welcome, good to schat with you again. i know you were bullish, but are you surprised how strong the oil markets have been the last couple of weeks? >> we've learned three lessons this year that help explain why oil is off to a strong start first, we had this surprising saudi cut. as you mentioned, it helped offset the log downs that are spreading across europe and asia, and second, the outcome of the u.s. election means more stimulus, more oil demand over the next couple of years in the u.s. and third, sh

the american petroleum institute estimate that this drilling ban that i mentioned auto moment ago willu.s. economy $700 billion and kill nearly a million jobs by the end of next year and wesley, a lot of those jobs are right where you are living in houston. >> yes. you know, i find this very interesting that with one stroke of a pen, president joe biden can effectively destroy potentially 1 million jobs here in the united states. and by ending the key stone pipeline, by banning fracking on federal grounds and by ending drilling, offshore drilling, that only kills jobs and only kills our economy particularly as it pertains to our texas economy and i'm sitting here in houston the energy capital of the world. also by reentering the paris climate accords we are going to hold the united states to a different standard that we are not going to hold china and india who are the two largest carbon emitters in the entire world. now i am all about getting to that next abundant source of energy, but we have to do it through the oil and gas industry. and we cannot forget that killing our jobs is not

host: a little bit more from the president yesterday on the climate change agenda, the american petroleum instituteesponded in a statement saying that they share the biden goal for addressing climate change marked by u.s. innovation and empowered by american energy and skilled union workers host: chuck, west virginia, what do you say? caller: thank you for taking my call. a few callers back a gentleman was opposing biden's economic plan, saying climate change is always taking place and always the earth has gone back and forth, up and down over billions of years. he is talking about climate change over geological time frames. that is not what we are talking about here. first of all, i live in west virginia. historically the coal industry has been the foundation of their economy and i really, really do feel sorry for the people that have hitched their economic futures to coal, but the fact is that coal is dying and the fossil fuel industry is going to have, we are just going to have to wean ourselves off of it because, you know, the alternative is simply unthinkable. i mean john kerry was right when