• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 3 days Does Toyota Know Something That We Don’t?
  • 6 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 3 days World could get rid of Putin and Russia but nobody is bold enough
  • 2 days America should go after China but it should be done in a wise way.
  • 6 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 5 days China is using Chinese Names of Cities on their Border with Russia.
  • 6 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 5 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 10 days huge-deposit-of-natural-hydrogen-gas-detected-deep-in-albanian-mine
  • 6 days Putin and Xi Bet on the Global South
  • 6 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 7 days United States LNG Exports Reach Third Place
  • 7 days Biden's $2 trillion Plan for Insfrastructure and Jobs

Senate Reinstates Methane Emission Rules For Oil, Gas Industry

The U.S. Senate approved yesterday a return of methane emission regulation from the Obama era that was rolled back during Trump's administration.

The regulation, called Oil and Natural Gas New Source Performance Standards, was implemented in 2012 and 2016 and targeted methane leaks from new oil and gas wells and pipelines, Reuters reports.

"This is the first of many important steps the Senate will take," said Senate majority leader Chuck Schumer, who was among the Senators who introduced the resolution for the reinstatement of the methane rules.

"If we can fix our methane problem we can quickly turn down the climate-warming impacts," said the lead sponsor of the bill, Martin Heinrich.

"It's a very serious public health issue," Heinrich said during an online event in late March, ahead of this month's vote for the return of the regulation. "In addition, it's a huge waste of a valuable resource. There's a reason the best-in-class producers don't lose nearly as much methane because they're investing, they want to keep that, that's their product, that's what they sell."

Senator Heinrich is from New Mexico, one of the biggest oil-producing states in the United States.

Methane only came in the focus of environmentalist and regulatory attention relatively recently as a continuation of the drive to reduce carbon emissions. Methane leaks are common in the oil industry and, over the short term, more harmful to the atmosphere than CO2 because of their greater greenhouse effect. However, methane has a much shorter life than carbon dioxide.

Last year when the pandemic hit, methane emissions slumped by as much as 60 percent as drillers curbed production. Now, as drilling begins to recover, emissions are recovering, too, and at a much faster rate. So if production ever reaches pre-pandemic levels, methane emissions could hit a new record in the absence of regulatory and voluntary action.


By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment
  • Mamdouh Salameh on April 29 2021 said:
    This is the right decision. Rather than try to greenwash itself under pressure from militant environmental activists and divestment campaigners, the global oil industry particularly US shale oil drillers can help combat climate change by reducing harmful emissions particularly methane emissions in its oil and gas production.

    The CEOs of two of America’s oil supermajors ExxonMobil and Occidental succinctly summarized the role of the industry when both said that reducing emissions from fossil fuels not their use is the way forward for the industry to combat climate change and reduce global emissions. In this way, the industry will continue to make good money while helping the environment.

    Dr Mamdouh G Salameh
    International Oil Economist
    Visiting Professor of Energy Economics at ESCP Europe Business School, London

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News