By David Dayen | Washington Post Staff WriterThe National Association of Oil Spills Prevention Professionals (NAPPSP) is calling for the repeal of the Oil and Gas Tax Act, saying that the bill “puts the American people at risk of becoming victims of costly spills.”
The National Coalition of Oil & Gas Spill and Response Professionals, a coalition of oil and gas professionals, released the statement Thursday in response to President Donald Trump’s decision to reverse the oil tax law.
“We urge the Administration to repeal the Tax Act,” said NAPPSPSP President David Dayes.
“It is a critical piece of legislation that is critical to the prevention of oil spills.
The law does not protect the American public from oil spills or the environmental damage that would result.”NAPFSP, which represents more than 30,000 oil spill prevention professionals nationwide, said that it was particularly concerned by the administration’s decision on Friday to reverse a portion of the tax law, which requires that every company pay a 50 percent excise tax on oil spilled in the U.S. from a new and larger tax, which is currently $8 per barrel.
The bill, passed in 2017, had been set to expire in 2025, but was extended by an additional year, with the expiration date set for 2019.
Dayes noted that this would allow companies to keep spending billions of dollars on spill prevention and recovery, and he added that it “put[s] the American consumer at risk.”
“There are thousands of people out there who rely on NAPFSPs resources for safe, reliable oil spill response,” Dayes said.
“We urge that Congress repeal this dangerous law.”
The oil industry, which has faced growing opposition over its role in oil spills and its role on the environment, has responded to the news that the administration plans to undo the law, with companies saying that it will increase costs for oil spill cleanup and will create additional burdens on those responsible for spills.
On Thursday, the National Association for Oil Spilling Prevention said that the repeal would have a “significant impact” on the oil industry.
“In order to continue operating in the midst of a significant and growing industry, NAP Spill Response and Response will need to increase our workforce and our operating costs,” the statement read.
“While this increase will increase the cost of operations, it will also increase our costs for responding to oil spills.”
Oil companies and the White House have previously argued that the tax bill will cost taxpayers billions of costs in the future, with oil and natural gas companies estimating that the costs will be $2.4 trillion by 2035, according to the Congressional Budget Office.