Welligence US GoM GHG | What could be the impact of the proposed API carbon tax?

April 29, 2022

The American Petroleum Institute (API) reported that it is working on a proposal to adopt a carbon tax of US$35 to US$50 per ton of CO2-equivalent (CO2e) in the US. Although the details of the API’s proposal are still unclear, we assessed the potential impact of this tax (inflation-adjusted) on upstream deepwater US Gulf of Mexico producers.