API Sounds Alarm on Gulf Oil Production Amid Endangered Species Regulation

Oil and gas production in the Gulf of Mexico could suffer a decline unless the federal government confirms its deadline for the revision of a law regulating endangered species protection. Without it, the regulatory process to ensure oil and gas operations are carried out in accordance with the Endangered Species Act would become a lot more cumbersome and complicated, potentially affecting production. The revision was prompted by a court ruling last month in a case brought against the federal government by climate activists. They claimed the current…