Climate Action Plan Breathes New Life into Oil & Gas Air Regulations
On March 28, 2014, the White House released its Climate Action Plan Strategy to Reduce Methane Emissions. The oil and natural gas sectors are clearly in the cross-hairs for reductions.
The report indicates the oil and natural gas sector was responsible for 28 percent of man-made methane emissions in 2012 - second only to the agricultural sector, which accounts for 36 percent of emissions.
According to the report, "[t]here are cost-effective technologies and best management practices to capture methane from venting and leaks across the entire oil and natural gas value chain."
With such a conclusion, federal regulations mandating methane controls for the oil and natural gas industry seem almost inevitable.
The only question remaining is this: How pervasively will the United States Environmental Protection Agency ("EPA") regulate methane emissions from the oil and natural gas sector? Click here for the entire article.
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