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?
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