The US yesterday published its first regulations governing the reduction of methane emissions from new or updated oil and gas plants. The regulations are designed to lead to reductions equivalent to 11m tonnes of carbon dioxide at a cost of $530m to companies by 2025. The proposed cuts will lead to an estimated $690m in “climate benefits”. The new measures are part of the Obama administration’s larger goal of reducing methane emissions to 40 to 45% under 2012 levels by 2025. EPA has also launched the “Information Collection Request” initiative that will force companies to disclose details of their oil and gas facilities from autumn of this year until early 2017. Existing sources are responsible for 90% of US methane emissions.
The US yesterday published its first regulations governing the reduction of methane emissions from new or updated oil and gas plants. The regulations are designed to lead to reductions equivalent to 11m tonnes of carbon dioxide at a cost of $530m to companies by 2025. The proposed cuts will lead to an estimated $690m in “climate benefits”. The new measures are part of the Obama administration’s larger goal of reducing methane emissions to 40 to 45% under 2012 levels by 2025. The US Environmental Protection Agency has also launched the “Information Collection Request” initiative that will force companies to disclose details of their oil and gas facilities from autumn of this year until early 2017. Existing sources are responsible for 90% of US methane emissions.